Changyou.com (NASDAQ: CYOU) declared a special dividend of $9.40 per ADS.

The dividend will be payable 'no later than' June 30, 2019, to stockholders of record on May 15, 2019, with an ex-dividend date of May 14, 2019.

The annual yield on the dividend is 55.3 percent.

Mr. Dewen Chen, Changyou's CEO, commented, "We are pleased to announce a special dividend to reward our shareholders for their patience and support during this development period as we work on our next hit title. Our online games continue to maintain their popularity in China and we have been able to generate strong free cash flows from operations each quarter. This distribution reflects our continued commitment to drive value for investors over the long term, and we are confident that we will have sufficient capital to invest in our various businesses as we look to enhance our leading position in the industry and capture new opportunities in the market."

For a dividend history and other dividend-related data on Changyou.com (CYOU) click here.