NetEase Inc (NASDAQ:NTES) Plans Quarterly Dividend of $4.14
NetEase Inc (NASDAQ:NTES) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 4.14 per share by the technology company on Friday, December 13th. This represents a $16.56 annualized dividend and a yield of 5.28%. The ex-dividend date is Thursday, December 5th. This is a boost from NetEase’s previous quarterly dividend of $1.04.
NASDAQ NTES opened at $313.77 on Tuesday. NetEase has a 52 week low of $209.01 and a 52 week high of $320.00. The firm has a market capitalization of $40.35 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 0.40 and a beta of 0.81. The company has a fifty day moving average of $293.71 and a two-hundred day moving average of $265.94.
Several research firms have recently issued reports on NTES. BidaskClub upgraded shares of NetEase from a “sell” rating to a “hold” rating in a report on Saturday. Nomura lifted their price target on shares of NetEase from $317.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Goldman Sachs Group downgraded shares of NetEase from a “buy” rating to a “neutral” rating in a report on Sunday, August 11th. Jefferies Financial Group began coverage on shares of NetEase in a research report on Monday, August 5th. They issued a “buy” rating and a $274.60 price objective on the stock. Finally, Macquarie began coverage on shares of NetEase in a research note on Thursday, November 21st. They issued an “outperform” rating and a $363.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $307.55.
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
Featured Story: How to Invest in an Index Fund
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.