JOYY Inc. Sponsored ADR (JOYY) To Go Ex-Dividend on April 22nd

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) declared a quarterly dividend on Tuesday, March 10th. Stockholders of record on Wednesday, April 22nd will be given a dividend of 1.38 per share on Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Wednesday, April 22nd.

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

JOYY Price Performance

JOYY stock opened at $62.85 on Monday. The business has a 50 day moving average of $60.58 and a 200-day moving average of $62.07. JOYY has a 1 year low of $38.40 and a 1 year high of $70.96. The company has a market capitalization of $3.14 billion, a P/E ratio of 1.61 and a beta of 0.42.

JOYY (NASDAQ:JOYY) last released 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 company had revenue of $581.92 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JOYY shares. Citigroup upped their price objective on JOYY from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JOYY in a research note on Thursday, January 22nd. UBS Group started coverage on JOYY in a research note on Wednesday, March 11th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Zacks Research downgraded JOYY from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.67.

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.