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

Tuniu Corporation (NASDAQ:TOUR) 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 dividend yield of 1,787.0%. The ex-dividend date 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 Price Performance

Shares of TOUR stock traded down $0.26 during trading on Friday, reaching $7.11. The company had a trading volume of 99,132 shares, compared to its average volume of 36,712. The firm’s 50 day simple moving average is $7.05 and its two-hundred day simple moving average is $7.18. Tuniu has a one year low of $5.65 and a one year high of $10.10. The company has a market capitalization of $83.22 million, a PE ratio of 14.22 and a beta of 0.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tuniu stock. Jane Street Group LLC purchased a new position in Tuniu Corporation (NASDAQ:TOUR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 50,564 shares of the technology company’s stock, valued at approximately $31,000.

About Tuniu

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.