JOYY Inc. Sponsored ADR (NASDAQ:JOYY) Plans Quarterly Dividend of $1.50

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) announced a quarterly dividend on Monday, May 25th. Shareholders 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 dividend 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 increased its dividend payment by an average of 0.3%per year over the last three years.

JOYY Price Performance

JOYY stock opened at $64.09 on Wednesday. The company’s 50 day simple moving average is $59.00 and its 200-day simple moving average is $62.05. JOYY has a 12 month low of $42.00 and a 12 month high of $70.96. The firm has a market capitalization of $3.20 billion, a PE ratio of 1.64 and a beta of 0.42.

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

Institutional Trading of JOYY

A number of hedge funds have recently bought and sold shares of the company. Stonehill Capital Management LLC acquired a new position in JOYY in the 3rd quarter valued at $80,885,000. Public Employees Retirement System of Ohio purchased a new position in JOYY during the third quarter worth about $9,204,000. SG Americas Securities LLC lifted its position in JOYY by 1,336.8% during the fourth quarter. SG Americas Securities LLC now owns 75,015 shares of the company’s stock worth $4,858,000 after buying an additional 69,794 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in JOYY in the 3rd quarter worth about $715,000. Finally, New York State Common Retirement Fund grew its holdings in JOYY by 8.8% in the 4th quarter. New York State Common Retirement Fund now owns 138,555 shares of the company’s stock valued at $8,973,000 after buying an additional 11,200 shares during the period. Institutional investors and hedge funds own 36.83% of the company’s stock.

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.