Qifu Technology Intends To Maintain Prudent Approach In Its Business Planning; Raises Semi-Annual Dividend
Portfolio Pulse from Benzinga Newsdesk
Qifu Technology plans to maintain a prudent business approach while raising its semi-annual dividend. The company expects significant year-on-year growth in net income for Q3 2024 and has approved a dividend of $0.30 per Class A ordinary share or $0.60 per ADS for the first half of 2024.
August 13, 2024 | 10:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Qifu Technology plans to maintain a prudent business approach while raising its semi-annual dividend. The company expects significant year-on-year growth in net income for Q3 2024 and has approved a dividend of $0.30 per Class A ordinary share or $0.60 per ADS for the first half of 2024.
The announcement of a raised dividend and expected significant growth in net income for Q3 2024 is likely to positively impact QFIN's stock price in the short term. Investors generally view dividend increases and strong earnings growth as positive indicators.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100