Tuniu Corporation to Issue Annual Dividend of $1.20 (NASDAQ:TOUR)

Key Points

• Tuniu declared an annual dividend of $1.197 per share, payable May 20 to shareholders of record on May 4, with the company reporting a striking 1,787.0% yield.
• The dividend payout ratio is 688.2%, indicating the company cannot currently cover the dividend from earnings and is relying on its balance sheet to fund the payment.
• Shares traded down about 3.5% to $7.11 on Friday; the company has a market cap of roughly $83.2 million, a P/E of 14.22, and a 52‑week range of $5.65–$10.10.

Tuniu Corporation (NASDAQ:TOUR - Get Free Report) declared an annual dividend on Friday, March 20th, NASDAQ Dividends reports. Investors of record on Monday, May 4th will be paid a dividend of 1.197 per share by the technology company on Wednesday, May 20th. This represents a yield of 1,787.0%. The ex-dividend date of this dividend is Monday, May 4th.

Tuniu has a dividend payout ratio of 688.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Tuniu Trading Down 3.5%

TOUR stock traded down $0.26 during trading hours on Friday, hitting $7.11. 99,132 shares of the stock traded hands, compared to its average volume of 36,712. The stock has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $7.18. Tuniu has a one year low of $5.65 and a one year high of $10.10. The company has a market cap of $83.22 million, a P/E ratio of 14.22 and a beta of 0.38.

Tuniu Company Profile

Tuniu International Limited is a China-based online leisure travel company that operates a comprehensive travel services platform under the brand name Tuniu NASDAQ: TOUR. Headquartered in Nanjing, the company was founded in 2006 and was incorporated in the Cayman Islands in May 2010. Tuniu completed its initial public offering on the Nasdaq Stock Market in December 2014, positioning itself to expand its suite of digital travel offerings and strengthen its strategic partnerships with suppliers and local agencies.

The company's flagship platform, tuniu.com, provides a broad array of travel products and services, including packaged group tours, customized private tours, independent travel solutions, corporate travel management, hotel and resort bookings, air ticketing, cruise vacations and car rentals.

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