Why DouYu International Stock Is Up
Portfolio Pulse from Erica Kollmann
DouYu International Holdings Limited (NASDAQ:DOYU) shares surged 30% after the company announced a special cash dividend of $9.76 per share, totaling approximately $300 million, to be paid on August 30, 2024.
July 03, 2024 | 2:20 pm
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DouYu International Holdings Limited (NASDAQ:DOYU) announced a special cash dividend of $9.76 per share, leading to a 30% increase in its stock price. The dividend, totaling approximately $300 million, will be paid on August 30, 2024.
The announcement of a substantial special cash dividend is a strong positive signal to investors, indicating the company's solid cash position and commitment to returning value to shareholders. This has led to a significant 30% increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100