Is JOYY Stock Worth Its Current Dividend Yield?

YY has dropped a drastic 30% over the past month

facebook twitter linkedin

JOYY Inc. (NASDAQ:YY) is a social media company that enables users to interact with each other in real time through online live media. YY operates several social platforms, which together have over 300 million users from over 150 markets. JOYY also has a work force of over 7,900 employees located in over 30 cities across the globe. At last check, YY is trading up 0.4% at $29.60. 

JOYY stock has decreased about 58% year-over-year, and is seeing long-term overhead pressure at the 80-day moving average. Moreover, the social media company offers an extremely attractive dividend yield of 6.56% with a forward dividend of $2.04.


Still, JOYY stock’s fundamentals provide a mixed bag for investors. YY trades at a decent price-sales ratio of 0.91, their forward price-earnings ratio is placed at an incredibly rich value of 192.31. Moreover, the social media business lacks consistency with their growth, which is reflected in their 2022 sales expectations. JOYY is estimated to end fiscal 2022 with a 1.1% decrease in revenues.

The social media company is expected to grow their earnings by 15.2% for fiscal 2022 as well. In addition, JOYY’s top and bottom-line growth is expected to pick up for 2023, with estimates indicating 9.3% revenue growth and 78.3% earnings growth. This should further be helped by the fact that they hold a strong balance sheet with $4.15 billion in cash and just $918.8 million in total debt, making JOYY stock’s reward potential relatively high for long-term and dividend investors.


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners