Alibaba Board Approved Two-Part Dividend; Annual Dividend Of $1/ADS And One-Time Cash Dividend Of $0.66/ADS
Portfolio Pulse from Benzinga Newsdesk
Alibaba's board has approved a two-part dividend plan, consisting of an annual dividend of $1 per American Depositary Share (ADS) and a one-time cash dividend of $0.66 per ADS.
May 14, 2024 | 12:26 pm
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Alibaba's announcement of a two-part dividend could positively impact its stock price in the short term, as dividends often make a stock more attractive to investors.
Dividend announcements, especially those involving a significant one-time payment in addition to regular dividends, are typically viewed positively by the market. They signal financial health and a commitment to returning value to shareholders, which can lead to increased demand for the stock and a potential short-term price increase.
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