NetEase, Inc. (NASDAQ:NTES) Announces Quarterly Dividend of $0.68

NetEase, Inc. (NASDAQ:NTES - Get Free Report) declared a quarterly dividend on Thursday, May 15th, NASDAQ Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.675 per share by the technology company on Friday, June 13th. This represents a $2.70 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, May 30th.

NetEase has increased its dividend by an average of 43.6% per year over the last three years. NetEase has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect NetEase to earn $7.32 per share next year, which means the company should continue to be able to cover its $2.70 annual dividend with an expected future payout ratio of 36.9%.

NetEase Stock Performance

Shares of NASDAQ:NTES traded down $2.70 during midday trading on Friday, reaching $121.57. 1,603,751 shares of the company's stock traded hands, compared to its average volume of 1,562,800. The company has a market cap of $77.03 billion, a P/E ratio of 19.08, a PEG ratio of 3.37 and a beta of 0.66. The company has a fifty day simple moving average of $106.68 and a two-hundred day simple moving average of $100.15. NetEase has a 1 year low of $75.85 and a 1 year high of $126.81.

Institutional Trading of NetEase

An institutional investor recently bought a new position in NetEase stock. Strs Ohio purchased a new position in shares of NetEase, Inc. (NASDAQ:NTES - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 608 shares of the technology company's stock, valued at approximately $63,000. 11.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NTES. Benchmark increased their target price on shares of NetEase from $105.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wall Street Zen raised shares of NetEase from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on NetEase in a research report on Monday, May 12th. They set a "buy" rating and a $130.00 price objective for the company. Morgan Stanley raised their target price on NetEase from $108.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Barclays increased their price target on shares of NetEase from $104.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $119.38.

About NetEase

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.