JD.com Board Approved Annual Cash Dividend of $0.38/Share or $0.76/ADS
Portfolio Pulse from Benzinga Newsdesk
JD.com's board has approved an annual cash dividend of $0.38 per share or $0.76 per ADS, totaling approximately $1.2 billion, payable in April 2024 to shareholders on record as of April 5, 2024.

March 06, 2024 | 10:40 am
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JD.com has declared an annual cash dividend of $0.38 per share or $0.76 per ADS, with a total payout of approximately $1.2 billion, scheduled for April 2024.
The announcement of a significant cash dividend is typically viewed positively by the market, as it reflects the company's financial health and commitment to returning value to shareholders. This could lead to a short-term positive impact on JD.com's stock price, as investors may be attracted by the dividend payout. The size of the dividend and the clear timeline for payment further reinforce the positive outlook.
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IMPORTANCE 90
RELEVANCE 100