Weibo Corporation (NASDAQ:WB) to Issue $0.61 Annual Dividend

Weibo Corporation (NASDAQ:WBGet Free Report) declared an annual dividend on Wednesday, March 18th. Stockholders of record on Friday, April 17th will be paid a dividend of 0.61 per share by the information services provider on Friday, May 22nd. This represents a dividend yield of 706.0%. The ex-dividend date of this dividend is Friday, April 17th.

Weibo has a dividend payout ratio of 44.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Weibo to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 57.6%.

Weibo Stock Down 1.9%

Weibo stock opened at $8.48 on Thursday. Weibo has a twelve month low of $7.10 and a twelve month high of $12.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.35 and a current ratio of 3.35. The firm has a market cap of $2.07 billion, a PE ratio of 4.83, a P/E/G ratio of 5.18 and a beta of 0.13. The firm’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $10.76.

Weibo (NASDAQ:WBGet Free Report) last issued its earnings results on Wednesday, March 18th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The firm had revenue of $473.26 million during the quarter, compared to analyst estimates of $444.28 million. Weibo had a return on equity of 11.79% and a net margin of 26.58%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, research analysts predict that Weibo will post 1.62 EPS for the current fiscal year.

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Weibo Company Profile

(Get Free Report)

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.

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