NetEase, Inc. (NTES) Plans $0.83 Quarterly Dividend
NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Friday, August 25th will be given a dividend of 0.83 per share by the technology company on Friday, September 1st. This represents a $3.32 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 23rd.
NetEase (NASDAQ NTES) traded down 1.16% during trading on Friday, reaching $280.96. 2,908,405 shares of the company’s stock traded hands. NetEase has a 12 month low of $199.01 and a 12 month high of $337.55. The company has a 50-day moving average of $307.68 and a 200 day moving average of $287.67. The stock has a market capitalization of $37.03 billion, a P/E ratio of 18.72 and a beta of 0.92.
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NTES has been the subject of a number of research analyst reports. Benchmark Co. initiated coverage on shares of NetEase in a report on Tuesday, April 18th. They issued a “buy” rating and a $325.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $300.00 price target on shares of NetEase in a report on Wednesday, April 26th. BidaskClub downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Nomura reissued a “hold” rating and issued a $297.00 price target (down from $305.00) on shares of NetEase in a report on Thursday, May 11th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $343.00 price target (up from $300.00) on shares of NetEase in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. NetEase has a consensus rating of “Buy” and an average target price of $301.90.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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