NYSE:TUYASoftware
Tuya (NYSE:TUYA): Examining Valuation After Special Dividend Declaration Signals Management Confidence
If you are holding shares of Tuya (NYSE:TUYA), the latest announcement might have you reassessing your next move. The company has just declared a special cash dividend of $0.054 per share, with key dates set in September and an upcoming October payout. These special dividends are not routine and such a move can signal that Tuya’s management feels confident about the current financial position, enough to share extra capital directly with shareholders.
This development comes after a period of...