HUYA Inc. (NYSE:HUYA) Plans Dividend Increase – $1.06 Per Share

by · The Cerbat Gem

HUYA Inc. (NYSE:HUYA – Get Free Report) announced a — dividend on Tuesday, August 13th, Wall Street Journal reports. Shareholders of record on Wednesday, October 9th will be given a dividend of 1.06 per share on Friday, October 25th. The ex-dividend date is Wednesday, October 9th. This is an increase from HUYA’s previous — dividend of $0.64.

HUYA Stock Up 10.3 %

NYSE:HUYA opened at $6.23 on Monday. HUYA has a 12-month low of $2.82 and a 12-month high of $6.84. The stock’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $4.54. The firm has a market capitalization of $1.45 billion, a P/E ratio of -62.30 and a beta of 0.60.

HUYA (NYSE:HUYA – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.35. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company’s revenue was down 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. As a group, equities research analysts expect that HUYA will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and boosted their price objective for the company from $2.40 to $6.00 in a report on Wednesday, August 14th.

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About HUYA

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HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.

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