YY (YY) Declares $0.51 Dividend

YY said on March 15, 2023 that its board of directors declared a regular quarterly dividend of $0.51 per share ($2.04 annualized). Previously, the company paid $0.51 per share.

Shares must be purchased before the ex-div date of April 12, 2023 to qualify for the dividend. Shareholders of record as of April 13, 2023 will receive the payment on April 28, 2023.

At the current share price of $28.00 / share, the stock's dividend yield is 7.29%. Looking back five years and taking a sample every week, the average dividend yield has been 3.62%, the lowest has been 1.24%, and the highest has been 9.06%. The standard deviation of yields is 1.72 (n=237).

The current dividend yield is 2.13 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 1.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

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Analyst Price Forecast Suggests 92.57% Upside

As of March 16, 2023, the average one-year price target for YY is $53.92. The forecasts range from a low of $39.39 to a high of $109.20. The average price target represents an increase of 92.57% from its latest reported closing price of $28.00.

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The projected annual revenue for YY is $2,673MM, an increase of 10.84%. The projected annual non-GAAP EPS is $2.40.

What is the Fund Sentiment?

There are 308 funds or institutions reporting positions in YY. This is an increase of 9 owner(s) or 3.01% in the last quarter. Average portfolio weight of all funds dedicated to YY is 0.18%, an increase of 21.34%. Total shares owned by institutions decreased in the last three months by 3.70% to 35,669K shares. The put/call ratio of YY is 0.25, indicating a bullish outlook.

What are Large Shareholders Doing?

Price T Rowe Associates holds 3,918K shares representing 5.53% ownership of the company. In it's prior filing, the firm reported owning 5,229K shares, representing a decrease of 33.45%. The firm decreased its portfolio allocation in YY by 10.60% over the last quarter.

Krane Funds Advisors holds 1,827K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 1,714K shares, representing an increase of 6.17%. The firm increased its portfolio allocation in YY by 2.00% over the last quarter.

KWEB - KraneShares CSI China Internet ETF holds 1,695K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 1,577K shares, representing an increase of 6.92%. The firm increased its portfolio allocation in YY by 4.33% over the last quarter.

Point72 Hong Kong holds 1,528K shares representing 2.16% ownership of the company. In it's prior filing, the firm reported owning 1,588K shares, representing a decrease of 3.98%. The firm increased its portfolio allocation in YY by 996.97% over the last quarter.

PRIJX - T. Rowe Price Emerging Markets Discovery Stock Fund holds 1,412K shares representing 1.99% ownership of the company. In it's prior filing, the firm reported owning 1,624K shares, representing a decrease of 15.03%. The firm decreased its portfolio allocation in YY by 5.34% over the last quarter.

JOYY Background Information
(This description is provided by the company.)

JOYY Inc. is a global social media platform. The Company's highly engaged users contribute to a vibrant social community by creating, sharing, and enjoying a vast range of entertainment content and activities. JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience. JOYY owns BIGO, a fast-growing global tech company headquartered in Singapore. BIGO owns several popular video based social platforms including BIGO live, a leading global live streaming platform outside China; Likee, a leading global short-form video social platform; and video communication service and others. JOYY has created an online community for global video and live streaming users.

This story originally appeared on Fintel.