JOYY Inc. Sponsored ADR (NASDAQ:JOYY) to Issue Quarterly Dividend of $1.55

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

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

JOYY Price Performance

JOYY stock opened at $74.81 on Thursday. The company has a market cap of $3.74 billion, a P/E ratio of 17.85 and a beta of 0.47. JOYY has a 1 year low of $51.42 and a 1 year high of $80.90. The stock’s fifty day moving average price is $71.29 and its 200-day moving average price is $64.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JOYY. DGS Capital Management LLC increased its holdings in shares of JOYY by 5.9% in the first quarter. DGS Capital Management LLC now owns 3,792 shares of the company’s stock valued at $221,000 after buying an additional 211 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in JOYY by 167.7% during the first quarter. EverSource Wealth Advisors LLC now owns 613 shares of the company’s stock valued at $36,000 after purchasing an additional 384 shares during the last quarter. Sittner & Nelson LLC bought a new stake in shares of JOYY in the 3rd quarter valued at approximately $29,000. Ramsey Quantitative Systems acquired a new stake in shares of JOYY in the 2nd quarter valued at $63,000. Finally, Nykredit A S bought a new stake in shares of JOYY during the 2nd quarter worth about $110,000. 36.83% of the stock is currently owned by institutional investors.

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.