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Tuya Inc. develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers a wide range of cloud-based value-added services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company sells finished smart devices. It offers its solutions to smart home, smart business, healthcare, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.

Tuya Dividend Announcement

Tuya announced a annually dividend of $0.06 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-11
Tuya annual dividend for 2024 was $0.06
Tuya's trailing twelve-month (TTM) dividend yield is 3.85%

Tuya Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-11$0.06annually2024-10-15

Tuya Dividend per year

Tuya Dividend Yield

Tuya current trailing twelve-month (TTM) dividend yield is 3.85%. Interested in purchasing Tuya stock? Use our calculator to estimate your expected dividend yield:

Tuya Financial Ratios

P/E ratio-53.07
PEG ratio-6.01
P/B ratio0.86
ROE-1.65%
Payout ratio0.00%
Current ratio10.02
Quick ratio9.69
Cash Ratio7.24

Tuya Dividend FAQ

Does Tuya stock pay dividends?
Tuya does not currently pay dividends to its shareholders.
Has Tuya ever paid a dividend?
No, Tuya has no a history of paying dividends to its shareholders. Tuya is not known for its dividend payments.
Why doesn't Tuya pay dividends?
There are several potential reasons why Tuya would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Tuya ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Tuya has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Tuya a dividend aristocrat?
Tuya is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Tuya a dividend king?
Tuya is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Tuya a dividend stock?
No, Tuya is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Tuya stocks?
To buy Tuya you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Tuya stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.