Autohome Inc. (NYSE:ATHM) to Issue Variable Dividend of $1.15

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

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

Autohome Trading Up 3.0 %

Shares of ATHM opened at $28.85 on Friday. The firm has a 50-day moving average price of $29.55 and a 200 day moving average price of $27.47. Autohome has a 12-month low of $21.89 and a 12-month high of $34.70. The firm has a market capitalization of $3.51 billion, a P/E ratio of 13.48 and a beta of 0.18.

Autohome declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ATHM has been the subject of several research analyst reports. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup reissued a “neutral” rating and set a $28.00 price target (down previously from $31.00) on shares of Autohome in a research report on Friday, July 19th. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

About Autohome

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.