Tuya Inc. Sponsored ADR (NYSE:TUYA) Plans Dividend of $0.06

Tuya Inc. Sponsored ADR (NYSE:TUYA) declared a dividend on Friday, January 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of 0.0605 per share on Tuesday, April 21st. The ex-dividend date of this dividend is Wednesday, March 18th.

Tuya has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tuya to earn $0.05 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 80.0%.

Tuya Trading Down 1.0%

Shares of TUYA opened at $2.44 on Monday. The stock has a 50 day moving average of $2.27 and a 200 day moving average of $2.32. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 27.06 and a beta of 0.41. Tuya has a 12 month low of $1.87 and a 12 month high of $4.17.

Tuya (NYSE:TUYA) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Tuya had a return on equity of 5.75% and a net margin of 17.99%.The business had revenue of $84.49 million for the quarter, compared to analysts’ expectations of $79.53 million.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.