Tuniu Corporation (TOUR) to Issue Annual Dividend of $1.20 on May 20th

Tuniu Corporation (NASDAQ:TOUR) declared an annual dividend on Friday, March 20th, NASDAQ Dividends reports. Shareholders of record on Monday, May 4th will be given a dividend of 1.197 per share by the technology company on Wednesday, May 20th. This represents a dividend yield of 1,787.0%. The ex-dividend date is Monday, May 4th.

Tuniu has a payout ratio of 688.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Tuniu Stock Performance

Shares of TOUR traded down $0.26 during midday trading on Friday, hitting $7.11. 99,132 shares of the company traded hands, compared to its average volume of 36,712. The firm has a 50 day moving average of $7.05 and a 200-day moving average of $7.18. Tuniu has a 52 week low of $5.65 and a 52 week high of $10.10. The stock has a market cap of $83.22 million, a price-to-earnings ratio of 14.22 and a beta of 0.38.

About Tuniu

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu (NASDAQ: TOUR). Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company’s flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.