Tuya Declares Special Dividend Of $0.0589 Per Ordinary Share/ADS
Portfolio Pulse from Benzinga Newsdesk
Tuya has announced a special dividend of $0.0589 per ordinary share/ADS, totaling approximately $33 million, to be paid in cash from the company's surplus cash and share premium account. The payment is scheduled for October 9, 2024, for ordinary shares and October 15, 2024, for ADS holders.
August 26, 2024 | 9:09 pm
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Tuya has declared a special dividend of $0.0589 per ordinary share/ADS, amounting to $33 million, funded by surplus cash. This move indicates strong cash reserves and shareholder value return.
The declaration of a special dividend suggests that Tuya has a strong cash position and is committed to returning value to shareholders. This is likely to positively impact the stock price in the short term as investors may view this as a sign of financial health and shareholder-friendly policies.
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