eBay Inc. (NASDAQ:EBAY) to Issue Quarterly Dividend of $0.29

eBay Inc. (NASDAQ:EBAY) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.29 per share by the e-commerce company on Friday, March 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from eBay’s previous quarterly dividend of $0.27.

eBay has raised its dividend payment by an average of 14.5% per year over the last three years. eBay has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect eBay to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 25.7%.

eBay Stock Down 2.5 %

Shares of EBAY traded down $1.79 on Wednesday, hitting $69.14. The company’s stock had a trading volume of 8,869,285 shares, compared to its average volume of 4,997,577. The firm’s fifty day moving average price is $66.14 and its 200-day moving average price is $63.63. eBay has a fifty-two week low of $44.05 and a fifty-two week high of $71.60. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $33.12 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.35.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, February 26th. The e-commerce company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.18). eBay had a net margin of 19.68% and a return on equity of 30.97%. On average, equities research analysts expect that eBay will post 3.86 EPS for the current year.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of several recent research reports. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Barclays lowered their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Mizuho upped their price objective on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.38.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.