Vipshop Holdings Limited (NYSE:VIPS) to Issue Annual Dividend of $0.43

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) announced an annual dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.43 per share by the technology company on Friday, April 25th. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th.

Vipshop has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vipshop to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.7%.

Vipshop Price Performance

Shares of Vipshop stock traded up $0.51 on Thursday, reaching $16.37. 3,348,000 shares of the company were exchanged, compared to its average volume of 3,733,162. The stock's 50 day moving average price is $14.08 and its 200-day moving average price is $14.01. The company has a market cap of $8.40 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. On average, research analysts predict that Vipshop will post 1.95 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

VIPS has been the topic of several research reports. Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Barclays upped their target price on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.64.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.