NetEase, Inc. (NTES) to Distribute Quarterly Dividend of $0.48 on September 18th

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, August 21st. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.48 per share by the technology company on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, September 3rd.

NetEase has raised its dividend by an average of 0.2%annually over the last three years. NetEase has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $9.85 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 19.4%.

NetEase Trading Down 0.8%

Shares of NTES opened at $121.78 on Tuesday. NetEase has a twelve month low of $106.06 and a twelve month high of $159.55. The firm has a market capitalization of $77.97 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.42 and a beta of 0.72. The stock’s fifty day simple moving average is $126.97 and its 200 day simple moving average is $120.52.

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.