NetEase, Inc. (NASDAQ:NTES) Announces $0.44 Quarterly Dividend

NetEase, Inc. (NASDAQ:NTES - Get Free Report) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.435 per share by the technology company on Thursday, March 20th. This represents a $1.74 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 6th.

NetEase has increased its dividend by an average of 43.6% per year over the last three years. NetEase has a payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $7.32 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 23.8%.

NetEase Trading Up 0.7 %

NTES traded up $0.72 on Tuesday, hitting $99.61. The company had a trading volume of 1,170,775 shares, compared to its average volume of 1,392,033. The company's fifty day moving average price is $98.00 and its 200 day moving average price is $89.91. NetEase has a 1 year low of $75.85 and a 1 year high of $114.50. The firm has a market cap of $63.97 billion, a P/E ratio of 15.64, a PEG ratio of 3.37 and a beta of 0.58.

NetEase (NASDAQ:NTES - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. On average, analysts predict that NetEase will post 6.91 earnings per share for the current year.

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Analysts Set New Price Targets

NTES has been the subject of a number of research reports. Citigroup lifted their price objective on NetEase from $108.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. StockNews.com cut shares of NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. Barclays raised their price objective on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NetEase currently has a consensus rating of "Moderate Buy" and an average target price of $114.57.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.