eBay Inc. (NASDAQ:EBAY) to Issue $0.29 Quarterly Dividend

Key Points

• eBay Inc. declared a quarterly dividend of $0.29 per share, payable on September 12, 2023, with a current annualized dividend of $1.16 and a yield of 1.50%.
• eBay reported a Q2 2023 EPS of $1.38, exceeding estimates, with revenue reaching $2.59 billion, a 1.1% increase year-over-year.
• Analyst ratings for eBay show a consensus of "Hold" with a price target average of $70.42, with significant insider selling reported in recent transactions.

eBay Inc. (NASDAQ:EBAY - Get Free Report) declared a quarterly dividend on Monday, July 28th, RTT News reports. Investors of record on Friday, August 29th will be given a dividend of 0.29 per share by the e-commerce company on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th.

eBay has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect eBay to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 27.6%.

eBay Trading Down 0.0%

EBAY traded down $0.01 during trading hours on Friday, reaching $91.74. The company's stock had a trading volume of 11,877,999 shares, compared to its average volume of 5,436,764. eBay has a fifty-two week low of $54.55 and a fifty-two week high of $92.79. The stock has a market cap of $42.29 billion, a PE ratio of 20.21, a P/E/G ratio of 2.43 and a beta of 1.27. The business's 50-day moving average is $77.42 and its 200-day moving average is $70.72. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. As a group, equities research analysts predict that eBay will post 3.86 earnings per share for the current fiscal year.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.