DouYu International Holdings Ltd (NASDAQ:DOYU) shares are trading lower by 4.1% to $17.21 during Friday’s session, pulling back following marked strength earlier this week, after the company announced it approved a special cash dividend.
This totals around US$300 million in dividends, payable on August 30, 2024, to shareholders as of August 21, 2024. The dividends will be distributed through JPMorgan Chase Bank, N.A.
DouYu’s interim management also emphasized their commitment to protecting shareholder interests and returning value despite challenging economic conditions.
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