Friendtimes Inc dividend yield – FriendTimes Inc Declares Special Dividend of 0.06
June 12, 2023
☀️Dividends Yield
On June 3 2023, FriendTimes Inc declared a special dividend of 0.06 CNY per share. For the past three years, this publicly traded company has issued an annual dividend per share of 0.1 CNY, yielding 9.3%. This yields an average dividend yield of 9.3%. This expected dividend payment would take effect on May 18, 2023, with an ex-dividend date of May 18, 2023.
If you are looking for high dividend stocks, FRIENDTIMES INC ($SEHK:06820) would be a great choice. The special dividend payment makes FRIENDTIMES INC’s dividend yield higher than the average yield of other stocks in its industry, making it a great choice for dividend investors.
Market Price
This is the first dividend the company has paid since its listing last year. The stock opened on Monday at HK$1.0 and closed at the same price, up 3.1% from the previous closing price of 1.0. This announcement has been well received by investors, driving up the stock price of FRIENDTIMES.
The dividend is a sign that the company is in a strong financial position and is confident in its ability to pay shareholders a return on their investment. This could be the start of a new tradition for FRIENDTIMES, and investors should take note of the company’s commitment to rewarding shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Friendtimes Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.52k | 25.11 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Friendtimes Inc. More…
| Operations | Investing | Financing |
| 155.21 | -278.04 | -225.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Friendtimes Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.61k | 116.23 | 0.69 |
Key Ratios Snapshot
Some of the financial key ratios for Friendtimes Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.4% | -13.3% | 1.6% |
| FCF Margin | ROE | ROA |
| 7.7% | 1.1% | 0.9% |
Analysis
At GoodWhale, we conducted an analysis of FRIENDTIMES INC‘s fundamentals. After thorough evaluation, we have determined that it is a medium risk investment given its financial and business aspects. We detected one risk warning in its income sheet, and this information is available to registered users. Therefore, if you are planning to invest in FRIENDTIMES INC, we would strongly advise you to register with GoodWhale to gain detailed insights about the company. More…
Peers
The company is a major player alongside its competitors such as East Side Games Group Inc, The9 Ltd, and Qingci Games Inc, who all have strong footholds in the industry. Each of these companies strive to provide quality gaming experiences and capture new markets, making the industry highly competitive.
– East Side Games Group Inc ($TSX:EAGR)
East Side Games Group Inc is a digital game studio that creates innovative, social, and mobile games for a worldwide audience. With a market cap of 57.08M as of 2023 and a Return on Equity of 14.19%, the company is showing strong signs of success. The market cap represents the total value of the company, which reflects its shareholder’s perception of the company’s future performance. Meanwhile, the Return on Equity measures how efficiently the company is using their investors’ funds to generate profits, which shows that East Side Games Group Inc is successfully optimizing their investments.
– The9 Ltd ($NASDAQ:NCTY)
The9 Ltd (NCTY) is a Chinese internet company specializing in game development and associated services. The company has seen a market cap of 20.34 million by 2023, with a Return on Equity of -64.31%. The9’s market capitalization is indicative of its current value in the marketplace, based on its outstanding stock and the price paid for each share. On the other hand, the company’s negative ROE indicates that it is not very effective at generating profits from the capital employed. The9 has experienced a period of financial instability, which has impacted its debt levels and weakened its financial performance. In light of this, the company has implemented strategic cost-saving measures to improve its profitability and stabilize its financial position.
– Qingci Games Inc ($SEHK:06633)
Qingci Games Inc is a renowned online gaming company based in China. Founded in 2017, the company has seen tremendous growth in its user base and revenue streams due to its commitment to deliver quality gaming experiences. It is estimated to have a market cap of 4.87B as of 2023, making it one of the largest online gaming companies. However, its return on equity (ROE) has been quite low, with a Return on Equity of -14.28%. This suggests that the company needs to take steps to improve efficiency and profitability, in order to unlock further value for shareholders.
Summary
Investing in FRIENDTIMES INC is a lucrative opportunity for investors, as the company has consistently issued an annual dividend per share of 0.1 CNY over the past three years, providing an attractive dividend yield of 9.3%. The consistent income generated from FRIENDTIMES INC shares can help provide a steady return on investment for shareholders. Additionally, the company has demonstrated financial stability from this dividend history, which makes it a reliable option for long-term investors.
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