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

Weibo Co. (NASDAQ:WB) declared an annual dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.82 per share by the information services provider on Thursday, May 15th. This represents a yield of 7.77%. The ex-dividend date is Wednesday, April 9th.

Weibo Price Performance

WB opened at $10.56 on Friday. The stock’s 50-day moving average price is $10.18 and its 200 day moving average price is $9.47. Weibo has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.27.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WB. Benchmark reaffirmed a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.28.

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.