JD.com, Inc. (NASDAQ:JD) Plans Dividend Increase – $1.00 Per Share

JD.com, Inc. (NASDAQ:JD) announced an annual dividend on Thursday, March 5th. Stockholders of record on Thursday, April 9th will be paid a dividend of 1.00 per share by the information services provider on Wednesday, April 29th. This represents a dividend yield of 396.0%. The ex-dividend date is Thursday, April 9th. This is a 31.6% increase from JD.com’s previous annual dividend of $0.76.

JD.com has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect JD.com to earn $4.23 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 23.2%.

JD.com Stock Up 0.3%

Shares of JD traded up $0.07 during trading hours on Thursday, reaching $25.47. 27,819,633 shares of the stock traded hands, compared to its average volume of 9,943,428. JD.com has a 52 week low of $24.51 and a 52 week high of $46.44. The company has a market cap of $36.49 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 5.80 and a beta of 0.41. The stock has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $30.69. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.