Alibaba Group Board Approved a FY23 Dividend of $0.125/Share or $1.00/ADS
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group's board of directors has approved an annual cash dividend for fiscal year 2023 of $0.125 per share or $1.00 per American Depositary Share (ADS), with a total payout of approximately $2.5 billion. The dividend is payable to shareholders on record as of December 21, 2023.
November 16, 2023 | 11:49 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alibaba Group has declared an annual dividend of $0.125 per share or $1.00 per ADS for FY23, with a total distribution of $2.5 billion, payable to shareholders on record as of December 21, 2023.
The announcement of a dividend typically signals a company's confidence in its financial stability and profitability, which can be positive for investor sentiment. The sizeable payout of $2.5 billion indicates a substantial return to shareholders. This news is likely to be viewed positively in the short term, potentially leading to an increase in Alibaba's stock price as investors may buy into the stock to avail of the dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100