© Reuters. Fanhua announces dividend policy and increase of dividend payout ratio; shares +15%
- Fanhua (NASDAQ:FANH) announced that its board has modified its dividend policy to adopt a quarterly payment schedule in lieu of an annual dividend. The Company expects to declare the first quarterly dividend by the end of November.
- Under the revised policy, dividends will be declared and paid on a quarterly basis, at an amount equivalent to no less than 50% of net income attributable to the Company’s shareholders in each quarter instead of no less than 30% under the annual dividend policy previously announced on April 20, 2017.
- Shares +15%
- Press Release
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