JD.com, Inc. (NASDAQ:JD) Plans Dividend Increase – $0.76 Per Share

JD.com, Inc. (NASDAQ:JD) declared an annual dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.76 per share by the information services provider on Tuesday, April 29th. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is a 2.7% increase from JD.com’s previous annual dividend of $0.74.

JD.com has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect JD.com to earn $4.23 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 18.0%.

JD.com Stock Performance

Shares of JD stock opened at $42.29 on Friday. The stock’s 50-day moving average is $38.99 and its two-hundred day moving average is $36.78. The firm has a market cap of $66.70 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.31 and a beta of 0.43. JD.com has a 1 year low of $23.78 and a 1 year high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in JD.com stock. Brighton Jones LLC acquired a new position in shares of JD.com, Inc. (NASDAQ:JD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,789 shares of the information services provider’s stock, valued at approximately $270,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JD. JPMorgan Chase & Co. raised their price objective on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays increased their target price on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Mizuho increased their target price on shares of JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.92.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.