Kanzhun's Board Of Directors Approved A Special Cash Dividend Of $0.09/Share Or $0.18/ADS, With An Aggregate Amount Of Approximately $80M
Portfolio Pulse from Benzinga Newsdesk
Kanzhun's Board of Directors has approved a special cash dividend of $0.09 per ordinary share or $0.18 per American Depositary Share (ADS), totaling approximately $80 million. Shareholders on record as of December 5, 2023, will be eligible for the dividend, with the ex-dividend date set for December 4, 2023.
November 14, 2023 | 11:24 am
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Kanzhun (BZ) has declared a special cash dividend of $0.09 per share or $0.18 per ADS, with a total payout of approximately $80 million. This dividend is payable to shareholders of record as of December 5, 2023, and the stock will trade ex-dividend on December 4, 2023.
The announcement of a special dividend typically indicates a company's strong cash position and commitment to returning value to shareholders. This can lead to a positive investor sentiment and a potential short-term increase in the stock price. The importance is rated at 80 considering the substantial amount of the dividend ($80 million) relative to the company's size. The confidence level is at 90, as dividend announcements are concrete events with predictable impacts, but market conditions can always introduce variability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100