Alibaba Group Holding Limited (NYSE:BABA) Declares $1.05 Annual Dividend

Alibaba Group Holding Limited (NYSE:BABA) announced an annual dividend on Wednesday, May 13th. Investors of record on Thursday, June 11th will be paid a dividend of 1.05 per share by the specialty retailer on Monday, July 13th. This represents a yield of 72.0%. The ex-dividend date is Thursday, June 11th.

Alibaba Group has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alibaba Group to earn $6.70 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 14.2%.

Alibaba Group Trading Up 8.1%

BABA stock traded up $10.91 during trading on Wednesday, hitting $145.69. 39,195,606 shares of the company traded hands, compared to its average volume of 11,828,827. The firm has a market capitalization of $349.53 billion, a PE ratio of 27.49, a P/E/G ratio of 2.37 and a beta of 0.50. Alibaba Group has a 1 year low of $103.71 and a 1 year high of $192.67. The company has a 50-day moving average of $131.47 and a 200-day moving average of $149.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33.

Alibaba Group (NYSE:BABA) last issued its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. Analysts predict that Alibaba Group will post 4.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BABA. Northwestern Mutual Wealth Management Co. raised its position in shares of Alibaba Group by 7,680.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after acquiring an additional 5,936,847 shares in the last quarter. Capital World Investors raised its position in shares of Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after acquiring an additional 5,524,354 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group in the 4th quarter worth approximately $594,477,000. Artisan Partners Limited Partnership bought a new position in shares of Alibaba Group in the 3rd quarter worth approximately $290,208,000. Finally, Trivest Advisors Ltd bought a new position in shares of Alibaba Group in the 3rd quarter worth approximately $202,126,000. Institutional investors own 13.47% of the company’s stock.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.