Vipshop Holdings Limited (VIPS) to Issue Annual Dividend of $0.62 on April 24th

Vipshop Holdings Limited (NYSE:VIPS) declared an annual dividend on Thursday, February 26th. Stockholders of record on Friday, April 10th will be given a dividend of 0.62 per share by the technology company on Friday, April 24th. This represents a dividend yield of 342.0%. The ex-dividend date is Friday, April 10th. This is a 44.2% increase from Vipshop’s previous annual dividend of $0.43.

Vipshop has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 3.7%

VIPS stock opened at $17.45 on Friday. The stock has a market cap of $8.95 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The firm’s 50-day simple moving average is $17.83 and its 200 day simple moving average is $18.35. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Barclays increased their price target on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Finally, Citigroup restated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.65.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.