NetEase, Inc. (NTES) Announces Dividend of $0.72
NetEase, Inc. (NASDAQ:NTES) announced a dividend on Thursday, November 16th, NASDAQ reports. Investors of record on Friday, December 1st will be paid a dividend of 0.717 per share by the technology company on Friday, December 8th. The ex-dividend date is Thursday, November 30th.
NetEase (NASDAQ:NTES) opened at $347.68 on Friday. The firm has a market capitalization of $39,956.59, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. NetEase has a 52-week low of $211.11 and a 52-week high of $337.55.
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NetEase declared that its board has authorized a stock repurchase plan on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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