Get Rich - Stay Rich - Investing for Monthly Income Announces 16% Special Dividend

Online game developer Limited (CYOU) announced that its board of directors declared a special one-time cash dividend of US$1.9 per Class A or Class B ordinary share, or US$3.8 per American Depositary Share. The total amount of the special cash dividend is approximately US$201 million.  CYOU is trading at $23.84 for a special dividend yield of 16%.  CYOU has a equity summary score of 9.8 out of 10 for a VERY Bullish outlook.

CYOU reported Q2 earnings per ADS of $1.29, topping estimates for $1.12. Revenue for the quarter came in at $147.3 million, in-line with expectations.

Despite China’s broader economy facing one of the worst slowdowns in years, China’sonline advertising revenues have been surprisingly strong. According to Analysys, a research firm, total revenue increase 54 percent in the second quarter when compared with the year ago quarter.  Internet companies have benefited from new regulations, which were put in place at the beginning of the year, which banned companies from placing advertisements during prime-time TV dramas.  Nielsen, a TV and Internet advertising research firm, stated that the new regulations have resulted in increased advertising on online video sites.

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