eBay Inc. (NASDAQ:EBAY) Declares Quarterly Dividend of $0.29

eBay Inc. (NASDAQ:EBAY - Get Free Report) announced a quarterly dividend on Wednesday, April 30th, RTT News reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.29 per share by the e-commerce company on Friday, June 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.70%.

eBay has raised its dividend payment by an average of 14.5% per year over the last three years. eBay has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 1.4 %

Shares of NASDAQ EBAY traded up $0.96 during mid-day trading on Wednesday, hitting $68.16. 9,710,208 shares of the stock traded hands, compared to its average volume of 8,787,110. The stock has a fifty day moving average price of $65.95 and a 200-day moving average price of $64.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $31.76 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.22 and a beta of 1.43. eBay has a 52 week low of $65.09 and a 52 week high of $69.30.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,310 shares of company stock worth $3,121,626 over the last quarter. Insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EBAY shares. Morgan Stanley decreased their price target on shares of eBay from $71.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Barclays set a $72.00 price target on shares of eBay and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Citigroup decreased their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Benchmark increased their price target on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.83.

eBay Company Profile

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.

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