HUYA Inc. Sponsored ADR (NYSE:HUYA) to Issue $0.14 Special Dividend

HUYA Inc. Sponsored ADR (NYSE:HUYA) declared a special dividend on Tuesday, March 17th. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.135 per share on Tuesday, June 30th. The ex-dividend date is Wednesday, June 17th.

HUYA has a dividend payout ratio of 1,107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect HUYA to earn $0.23 per share next year, which means the company may not be able to cover its $1.55 annual dividend with an expected future payout ratio of 673.9%.

HUYA Stock Performance

NYSE:HUYA opened at $2.48 on Monday. HUYA has a fifty-two week low of $2.21 and a fifty-two week high of $4.93. The stock has a market capitalization of $553.24 million, a P/E ratio of -41.24 and a beta of 0.86. The company’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $3.28.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. The firm had revenue of $250.68 million during the quarter, compared to the consensus estimate of $251.85 million. On average, research analysts forecast that HUYA will post 0.14 EPS for the current year.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.