NetEase, Inc. (NASDAQ:NTES) Raises Dividend to $1.08 Per Share

NetEase, Inc. (NASDAQ:NTESGet Free Report) declared a quarterly dividend on Thursday, February 29th, Zacks reports. Shareholders of record on Thursday, March 14th will be given a dividend of 1.08 per share by the technology company on Thursday, March 28th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, March 13th. This is a boost from NetEase’s previous quarterly dividend of $0.50.

NetEase has raised its dividend by an average of 23.7% annually over the last three years and has raised its dividend every year for the last 1 years. NetEase has a payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NetEase to earn $8.27 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 52.2%.

NetEase Price Performance

NASDAQ NTES traded up $0.49 during trading hours on Tuesday, reaching $108.00. 265,351 shares of the company’s stock traded hands, compared to its average volume of 1,913,351. The firm has a 50-day simple moving average of $101.10 and a 200 day simple moving average of $103.33. NetEase has a 52-week low of $80.79 and a 52-week high of $118.89. The firm has a market cap of $69.63 billion, a PE ratio of 16.98, a PEG ratio of 0.92 and a beta of 0.59.

Wall Street Analysts Forecast Growth

NTES has been the subject of several recent analyst reports. raised shares of NetEase from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Benchmark boosted their price objective on shares of NetEase from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to, NetEase currently has a consensus rating of “Buy” and a consensus target price of $126.00.

Check Out Our Latest Report on NetEase

Institutional Trading of NetEase

Several hedge funds have recently bought and sold shares of NTES. XTX Topco Ltd purchased a new stake in shares of NetEase in the first quarter worth $246,000. Burford Brothers Inc. bought a new position in shares of NetEase in the fourth quarter worth about $240,000. DRW Securities LLC purchased a new stake in shares of NetEase during the fourth quarter worth about $232,000. Mercer Global Advisors Inc. ADV raised its stake in NetEase by 13.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,376 shares of the technology company’s stock valued at $221,000 after purchasing an additional 276 shares during the period. Finally, United Capital Financial Advisers LLC purchased a new position in NetEase in the 2nd quarter worth approximately $207,000. Institutional investors own 11.78% of the company’s stock.

About NetEase

(Get Free Report)

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

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Dividend History for NetEase (NASDAQ:NTES)

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