Qfin Holdings reduces its semi-annual dividend to $0.46 per ADS, down from $0.78, yielding 7.98% forward.
Qfin Holdings announced a $0.46 per ADS semi-annual dividend, marking a 41% decrease from the prior $0.78 payout. The dividend is payable October 1 for shareholders of record as of September 9, with the ex-dividend date also set for September 9.
The forward yield on the reduced dividend stands at 7.98%. The company’s previous dividend of $0.78 was declared earlier this year, reflecting a significant cut in shareholder returns amid shifting financial priorities.
No immediate market reaction was disclosed in the announcement.