JOYY Inc. (NASDAQ:YY - Get Free Report) declared a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.93 per share by the information services provider on Wednesday, April 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 365.0% increase from JOYY's previous quarterly dividend of $0.20.
JOYY Stock Performance
NASDAQ YY traded down $0.23 on Tuesday, hitting $42.28. 254,955 shares of the stock traded hands, compared to its average volume of 465,716. The business's fifty day moving average is $46.10 and its two-hundred day moving average is $40.14. JOYY has a 12 month low of $27.88 and a 12 month high of $55.31. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.78 and a beta of 0.21.
Analyst Upgrades and Downgrades
YY has been the subject of a number of research analyst reports. StockNews.com downgraded JOYY from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Benchmark upgraded shares of JOYY from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.
View Our Latest Stock Analysis on JOYY
About JOYY
(
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JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.
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