Tuniu Corporation (TOUR) To Go Ex-Dividend on May 4th

Tuniu Corporation (NASDAQ:TOUR) declared an annual dividend on Friday, March 20th, NASDAQ Dividends reports. Stockholders 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 of this dividend is Monday, May 4th.

Tuniu has a 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 Stock Down 3.5%

Shares of TOUR stock traded down $0.26 during mid-day trading on Friday, reaching $7.11. The company’s stock had a trading volume of 99,132 shares, compared to its average volume of 36,712. The company’s 50 day simple moving average is $7.05 and its 200-day simple moving average is $7.18. Tuniu has a 12-month low of $5.65 and a 12-month high of $10.10. The firm has a market capitalization of $83.22 million, a PE ratio of 14.22 and a beta of 0.38.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Tuniu from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tuniu has a consensus rating of “Sell”.

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.