Weibo Co. (NASDAQ:WB - Get Free Report) announced an annual dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th.
Weibo Price Performance
Shares of NASDAQ:WB traded down $0.05 during midday trading on Tuesday, reaching $10.85. The company's stock had a trading volume of 1,482,294 shares, compared to its average volume of 1,783,046. Weibo has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The company has a market capitalization of $2.63 billion, a P/E ratio of 7.43 and a beta of 0.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. The business's fifty day simple moving average is $10.22 and its 200-day simple moving average is $9.52.
Analyst Ratings Changes
A number of brokerages have issued reports on WB. Benchmark restated a "hold" rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com raised Weibo from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Weibo presently has a consensus rating of "Hold" and a consensus price target of $10.40.
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About Weibo
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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.
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