China Automotive Systems Declared Special Cash Dividend Of $0.80 Per Common Share, Payable On Or About August 22
Portfolio Pulse from Benzinga Newsdesk
China Automotive Systems (CAAS) has declared a special cash dividend of $0.80 per common share, payable on or about August 22.
July 19, 2024 | 11:24 am
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China Automotive Systems (CAAS) has announced a special cash dividend of $0.80 per common share, which will be payable on or about August 22. This dividend is likely to attract investors looking for income, potentially driving up the stock price in the short term.
The declaration of a special cash dividend is a positive signal to investors, indicating that the company has sufficient cash reserves. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
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