NetEase Board Approved a Dividend of 1.07985/ADS for Q4 Vs $0.4950/ADS for Q3
Portfolio Pulse from Benzinga Newsdesk
NetEase's board has approved a Q4 dividend of $1.07985 per ADS, a significant increase from Q3's $0.4950 per ADS. The dividend is payable to shareholders on record as of March 14, 2024, with payment dates of March 25 for ordinary shares and around March 28 for ADS holders.
February 29, 2024 | 9:04 am
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NetEase has significantly increased its quarterly dividend to $1.07985 per ADS for Q4 2023, up from $0.4950 per ADS in Q3.
The substantial increase in the quarterly dividend is a strong signal of NetEase's financial health and its commitment to returning value to shareholders. This move is likely to attract dividend investors and could lead to a positive short-term impact on the stock price as it reflects the company's confidence in its financial stability and future earnings potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100