HUYA Inc. Sponsored ADR to Issue Special Dividend of $0.14 (NYSE:HUYA)

HUYA Inc. Sponsored ADR (NYSE:HUYA) declared a special dividend on Tuesday, March 17th. Stockholders of record on Wednesday, June 17th will be given a dividend of 0.135 per share on Tuesday, June 30th. The ex-dividend date is Wednesday, June 17th.

HUYA has a payout ratio of 1,107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect HUYA to earn $0.23 per share next year, which means the company may not be able to cover its $1.55 annual dividend with an expected future payout ratio of 673.9%.

HUYA Price Performance

HUYA stock opened at $2.48 on Monday. HUYA has a 1-year low of $2.21 and a 1-year high of $4.93. The business has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.28. The stock has a market capitalization of $553.24 million, a P/E ratio of -41.24 and a beta of 0.86.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a positive return on equity of 0.40% and a negative net margin of 1.76%.The business had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $251.85 million. As a group, analysts anticipate that HUYA will post 0.14 earnings per share for the current year.

HUYA declared that its board has authorized a stock buyback program on Wednesday, March 18th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.