JOYY Inc. Sponsored ADR (NASDAQ:JOYY) Declares Dividend Increase – $1.50 Per Share

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) declared a quarterly dividend on Monday, May 25th. Investors of record on Monday, June 29th will be paid a dividend of 1.50 per share on Tuesday, July 14th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Monday, June 29th. This is a 8.7% increase from JOYY’s previous quarterly dividend of $1.38.

JOYY has raised its dividend by an average of 0.3%annually over the last three years.

JOYY Stock Up 17.8%

NASDAQ:JOYY opened at $64.09 on Wednesday. The company has a market cap of $3.20 billion, a P/E ratio of 1.64 and a beta of 0.42. The firm’s 50 day moving average is $59.00 and its two-hundred day moving average is $62.05. JOYY has a fifty-two week low of $42.00 and a fifty-two week high of $70.96.

JOYY (NASDAQ:JOYY) last announced its quarterly earnings data on Saturday, February 14th. The company reported $1.34 earnings per share (EPS) for the quarter. The company had revenue of $581.92 million during the quarter. JOYY had a net margin of 98.79% and a return on equity of 3.93%. Research analysts forecast that JOYY will post 4.79 earnings per share for the current fiscal year.

JOYY Company Profile

JOYY Inc (NASDAQ: JOYY) is a China-based technology company that develops and operates social media and live-streaming platforms. The company’s core business centers on real-time interactive video services and short-form social content, enabling users to create, share and monetize live and recorded audio-visual content. JOYY’s platforms are designed to connect creators and viewers through features such as live chat, virtual gifting and subscription-based interactions.

Products and services provided by JOYY include consumer-facing mobile and web applications that support live entertainment, social networking and short-form video consumption.