JOYY Inc. Sponsored ADR (JOYY) to Issue Dividend of $0.97 on January 13th

JOYY Inc. Sponsored ADR (NASDAQ:JOYY) declared a dividend on Thursday, November 20th, NASDAQ Dividends reports. Stockholders of record on Friday, January 2nd will be given a dividend of 0.97 per share on Tuesday, January 13th. The ex-dividend date is Friday, January 2nd. This is a 2.1% increase from JOYY’s previous dividend of $0.95.

JOYY Price Performance

Shares of JOYY traded up $0.87 during mid-day trading on Wednesday, hitting $64.98. The company’s stock had a trading volume of 164,999 shares, compared to its average volume of 437,771. The business has a 50-day moving average of $62.17. JOYY has a one year low of $37.53 and a one year high of $67.85. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 2.01 and a beta of 0.33.

Hedge Funds Weigh In On JOYY

Several institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in JOYY during the third quarter valued at about $27,000. Sittner & Nelson LLC purchased a new stake in shares of JOYY during the third quarter worth $29,000. Farther Finance Advisors LLC purchased a new position in shares of JOYY in the third quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of JOYY in the third quarter worth $87,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of JOYY during the 3rd quarter valued at $142,000. 36.83% of the stock is owned by institutional investors and hedge funds.

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.