HUYA Board Declared A Special Dividend Of $1.08/ADS
Portfolio Pulse from Benzinga Newsdesk
HUYA's board has declared a special cash dividend of $1.08 per ADS, totaling approximately $250 million, to be paid on October 25, 2024. The dividend will be funded by surplus cash on the company's balance sheet.
August 13, 2024 | 10:05 am
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HUYA has declared a special cash dividend of $1.08 per ADS, amounting to $250 million, to be paid on October 25, 2024. This is expected to positively impact the stock price in the short term.
The declaration of a special cash dividend is generally perceived positively by investors as it indicates strong financial health and surplus cash. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100