Weibo Co. (NASDAQ:WB) Declares Annual Dividend of $0.82

Weibo Co. (NASDAQ:WB) announced an annual dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a dividend yield of 7.77%. The ex-dividend date of this dividend is Wednesday, April 9th.

Weibo has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Weibo to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 59.0%.

Weibo Stock Down 6.2 %

NASDAQ:WB opened at $8.60 on Monday. Weibo has a 1 year low of $7.03 and a 1 year high of $12.40. The stock has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $9.77. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 5.89 and a beta of 0.12. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.