NetEase, Inc. (NTES) To Go Ex-Dividend on June 5th

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Thursday, May 21st. Shareholders 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) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, June 5th.

NetEase has increased its dividend by an average of 0.2%annually over the last three years. NetEase has a 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 Price Performance

Shares of NTES stock opened at $124.75 on Wednesday. NetEase has a 12 month low of $106.06 and a 12 month high of $159.55. The firm has a market capitalization of $79.64 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.71 and a beta of 0.72. The company’s fifty day moving average price is $115.12 and its two-hundred day moving average price is $125.35.

About NetEase

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.