Alibaba Group Holding Limited (BABA) To Go Ex-Dividend on June 11th

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) declared an annual dividend on Wednesday, May 13th. Stockholders 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. Equities analysts expect Alibaba Group to earn $9.46 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 10.0%.

Alibaba Group Stock Performance

Alibaba Group stock opened at $141.08 on Friday. The stock’s 50 day moving average price is $131.65 and its 200 day moving average price is $149.49. The firm has a market capitalization of $338.45 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33. Alibaba Group has a one year low of $103.71 and a one year high of $192.67.

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. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.82% and a net margin of 10.31%. As a group, sell-side analysts expect that Alibaba Group will post 6.7 EPS 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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