JOYY Inc. Sponsored ADR (JOYY) To Go Ex-Dividend on September 30th

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) announced a quarterly dividend on Tuesday, August 25th. Stockholders of record on Wednesday, September 30th will be given 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 raised its dividend payment by an average of 0.3%annually over the last three years.

JOYY Trading Down 0.3%

Shares of JOYY stock opened at $74.81 on Thursday. The stock’s fifty day moving average price is $71.29 and its 200-day moving average price is $64.73. The firm has a market cap of $3.74 billion, a P/E ratio of 17.85 and a beta of 0.47. JOYY has a 12 month low of $51.42 and a 12 month high of $80.90.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JOYY. Zacks Research upgraded JOYY from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Benchmark reissued a “buy” rating on shares of JOYY in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $87.00 target price on shares of JOYY in a research note on Wednesday. Citigroup reaffirmed a “buy” rating on shares of JOYY in a report on Wednesday, July 22nd. Finally, Morgan Stanley set a $74.00 price target on JOYY in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.40.

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.