Joyy Inc dividend calculator – Joyy (YY) declares quarterly dividend of $0.51 per share

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Joyy Inc ($NASDAQ:YY). (YY) is a leading provider of live streaming and social media platforms in China. In line with its strong financial performance, Joyy has declared a quarterly dividend of $0.51 per share. This dividend is payable on January 6, 2021 to shareholders of record as of December 23, 2020.

The ex-dividend date is December 22, 2020. At current prices, Joyy’s dividend yield is approximately 7.01%. This is a very attractive yield, especially considering the company’s strong financial performance and growth prospects.

Dividends – Joyy Inc dividend calculator

This is an increase from the previous two quarters, when the company issued dividends of $2.04 and $0.82 per share, respectively. With a dividend yield of 0.9%, Joyy Inc. is one of the higher-yielding stocks on the market.

However, its dividend yield has been on a decline in recent years, falling from 3.18% in 2020 to 4.58% in 2021. Nevertheless, the company’s three-year average dividend yield is still a healthy 2.89%. If you are looking for dividend stocks, Joyy Inc. could be a good option to consider.

About the Company

Market Price

This is a 8.6% increase from the last closing price of $27.5. The stock opened at $28.2 and closed at $29.9. Joyy Inc. is a leading live streaming and social media platform in China. It operates three live streaming platforms in China, including YY Live, Huya Live, and Bigo Live. YY Live is the largest live streaming platform in China in terms of both monthly active users and total time spent on the platform. Live Quote…

VI Analysis

JOYY INC is a company with strong fundamentals that reflect its long-term potential. The company has a medium risk rating in terms of financial and business aspects, and the VI App has detected 2 risk warnings in the income sheet and cashflow statement. Registering with us will give you access to more detailed information about the company and its risks. More…

VI Peers

The company operates a number of online platforms, including Youku Tudou, YY Live, and Bigo Live. JOYY Inc‘s main competitors are Grom Social Enterprises Inc, IL2M International Corp, and Lizhi Inc. All three companies are based in the United States.

– Grom Social Enterprises Inc ($NASDAQ:GROM)

Grom Social Enterprises Inc is a social media company that operates in the children’s market. The company has a market capitalization of 6.82 million and a return on equity of -24.49%. The company’s products and services are aimed at children and families. The company was founded in 2010 and is headquartered in Boca Raton, Florida.

– IL2M International Corp ($OTCPK:ILIM)

IL2M International Corp is a publicly traded company with a market cap of 366.35k as of 2022. The company has a Return on Equity of 1203.09%. IL2M International Corp is a holding company that operates in the e-commerce, digital media, and entertainment industries. The company was founded in 2006 and is headquartered in Los Angeles, California.

– Lizhi Inc ($NASDAQ:LIZI)

Lizhi Inc. is a leading audio content platform in China with over 10 years of experience. The company has a market cap of 21.24M as of 2022 and a Return on Equity of 1.81%. Lizhi Inc. provides an innovative and convenient way for people to listen to audio content and connect with others. The company’s mission is to use the power of audio to bring people together and make the world a more connected place.

Summary

JOYY Inc. (YY) is a Chinese internet company that operates a live streaming platform called Bigo Live. Investors may be interested in JOYY Inc. because of its strong growth potential. The company’s live streaming platform is growing rapidly in popularity, especially in China.

JOYY Inc. is also well-positioned to benefit from the continued growth of the social media sector in China. Risks to consider before investing in JOYY Inc. include the company’s dependence on the Chinese market, regulatory risks, and competition from other live streaming platforms.