Autohome Inc. (NYSE:ATHM) Plans Dividend Increase – $1.15 Per Share

Autohome Inc. (NYSE:ATHM) declared a Variable dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 1.15 per share by the information services provider on Wednesday, March 19th. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Autohome’s previous Variable dividend of $0.57.

Autohome has raised its dividend payment by an average of 31.0% per year over the last three years.

Autohome Price Performance

Autohome stock opened at $26.74 on Friday. The business has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $27.43. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The stock has a market capitalization of $3.24 billion, a PE ratio of 13.30 and a beta of 0.20.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ATHM shares. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Autohome declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.