Noah Holdings Board Approves New Capital Management And Shareholder Return Policy
Portfolio Pulse from Benzinga Newsdesk
Noah Holdings' Board has adopted a new policy allocating up to 50% of the previous year's non-GAAP net income for dividends and share repurchases.
November 29, 2023 | 10:11 pm
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Noah Holdings is set to enhance shareholder returns by allocating up to 50% of non-GAAP net income to dividends and share repurchases.
The new policy directly impacts shareholder returns, making NOAH potentially more attractive to investors seeking dividends and benefiting from share repurchases. This could lead to a positive short-term impact on the stock price as the market reacts to the company's commitment to returning value to shareholders.
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