Tuya Inc. Declares — Dividend of $0.06 (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA) announced a — dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.0608 per share on Tuesday, April 15th. This represents a yield of 6.1%. The ex-dividend date is Thursday, March 13th.

Tuya Stock Performance

Tuya stock opened at $3.23 on Tuesday. The stock has a 50-day moving average of $2.49 and a two-hundred day moving average of $1.92. Tuya has a one year low of $1.28 and a one year high of $4.63. The stock has a market cap of $1.73 billion, a PE ratio of -107.67 and a beta of 0.48.

Tuya (NYSE:TUYA) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million during the quarter, compared to analysts’ expectations of $81.40 million.

About Tuya

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.