Ex-Dividend Date Insight: JOYY

On August 11, 2021, JOYY YY declared a dividend payable on September 29, 2021 to its shareholders. JOYY also announced that shareholders on the company's books on or before September 10, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for JOYY is set for September 9, 2021. The company's current dividend payout sits at $0.51, equating to a dividend yield of 4.01% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

JOYY's Dividend History

Over the past year, JOYY has seen its dividend payouts and yields climb upward overall. Last year (September 3, 2020), the company's payout sat at $0.31, which has since increased by $0.2. JOYY's dividend yield last year was 1.6%, which has since grown by 2.41%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on JOYY's previous dividends.

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