NetEase, Inc. (NTES) to Issue Quarterly Dividend of $0.72 on June 18th

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 5th will be paid a dividend of 0.72 per share by the technology company on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th.

NetEase has raised its dividend payment by an average of 0.2%annually over the last three years. NetEase has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect NetEase to earn $9.36 per share next year, which means the company should continue to be able to cover its $2.87 annual dividend with an expected future payout ratio of 30.7%.

NetEase Stock Performance

NetEase stock opened at $123.83 on Wednesday. NetEase has a one year low of $106.06 and a one year high of $159.55. The company has a 50-day simple moving average of $115.12 and a 200-day simple moving average of $125.35. The firm has a market capitalization of $79.05 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.71 and a beta of 0.72.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.