NetEase, Inc. (NASDAQ:NTES) Declares Quarterly Dividend of $0.48

NetEase, Inc. (NASDAQ:NTES) declared a quarterly dividend on Friday, August 21st. Investors of record on Thursday, September 3rd will be paid a dividend of 0.48 per share by the technology company on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 3rd.

NetEase has increased its dividend by an average of 0.2%annually over the last three years. NetEase has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $9.85 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 19.4%.

NetEase Price Performance

Shares of NASDAQ NTES opened at $121.78 on Tuesday. NetEase has a 1-year low of $106.06 and a 1-year high of $159.55. The stock has a market capitalization of $77.97 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.42 and a beta of 0.72. The business has a fifty day moving average price of $126.97 and a 200 day moving average price of $120.52.

NetEase Company Profile

NetEase, Inc (NASDAQ: NTES) is a Chinese technology company headquartered in Hangzhou that develops and operates Internet services and products. Founded in 1997 by William Ding (Ding Lei), the company has grown from an early web portal and e-mail provider into a diversified online services group. William Ding has served as the company’s founder and long-time leader, guiding its expansion into games, digital content and consumer services.

The company’s primary business is interactive entertainment: NetEase Games designs, develops and publishes PC and mobile games for domestic and international audiences, offering a mix of self-developed franchises and titles published under licensing and strategic partnerships.