DouYu International Holdings Ltd (NASDAQ:DOYU) shares are trading higher by 26.5% to $15.55 during Thursday’s session. The company named Simin Ren as Co-Chief Executive Officer, effective January 16. This follows the conclusion of an interim management committee established in November 2023.
Concurrently, DouYu’s board declared a special cash dividend of $9.94 per share, totaling approximately $300 million, to be distributed to shareholders of record by February 10, 2025, with payment expected around February 20, 2025.
What Else: Ms. Ren emphasized the company’s commitment to shareholder value, citing the dividend as part of strategic cash management and allocation efforts.
Shareholders holding American Depositary Shares will receive dividends through JPMorgan Chase Bank, N.A., subject to deposit agreement conditions.
Read Also: What’s Going On With CVS Health Stock?
How TO Buy DOYU Stock
By now you're likely curious about how to participate in the market for DouYu – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, DOYU has a 52-week high of $20.17 and a 52-week low of $6.29.
