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

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

Alibaba Group has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 8.1%

BABA stock opened at $145.69 on Thursday. Alibaba Group has a 52 week low of $103.71 and a 52 week high of $192.67. The company has a market capitalization of $349.53 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.33 and a beta of 0.50. The firm’s 50-day moving average is $131.54 and its two-hundred day moving average is $149.73. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. The company had revenue of $35.30 billion for the quarter. On average, analysts forecast that Alibaba Group will post 4.32 earnings per share for the current fiscal year.

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Alibaba Group Company Profile

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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.

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