JOYY Inc. Sponsored ADR (NASDAQ:JOYY) Increases Dividend to $1.55 Per Share

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) declared a quarterly dividend on Tuesday, August 25th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 1.55 per share on Friday, October 16th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Wednesday, September 30th. This is a 3.3% increase from JOYY’s previous quarterly dividend of $1.50.

JOYY has increased its dividend by an average of 0.3%per year over the last three years.

JOYY Trading Down 0.3%

JOYY opened at $74.81 on Thursday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 17.85 and a beta of 0.47. The company’s 50 day moving average is $71.29 and its 200 day moving average is $64.73. JOYY has a 12-month low of $51.42 and a 12-month high of $80.90.

About JOYY

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.