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

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Friday, August 21st. Investors 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) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, September 3rd.

NetEase has increased its dividend payment by an average of 0.2%per year over the last three years. NetEase has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.8%

Shares of NASDAQ:NTES opened at $121.78 on Tuesday. The firm has a market cap of $77.97 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.42 and a beta of 0.72. NetEase has a 12 month low of $106.06 and a 12 month high of $159.55. The company’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.