RLX Technology Board Approved a Cash Dividend of $0.01/Share, or $0.01/ADS
Portfolio Pulse from Benzinga Newsdesk
RLX Technology's Board of Directors has approved a cash dividend of $0.01 per ordinary share and per ADS, payable in December 2023 to shareholders on record as of December 1, 2023.
November 13, 2023 | 10:09 am
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POSITIVE IMPACT
RLX Technology has declared a cash dividend of $0.01 per share/ADS, payable in December 2023 to shareholders of record as of December 1, 2023.
Dividend announcements typically have a positive impact on stock prices in the short term as they represent a direct transfer of value to shareholders. The impact is likely to be modest given the small dividend amount, but it still signals a commitment to shareholder returns.
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IMPORTANCE 60
RELEVANCE 100