New Oriental Board Approved A Special Cash Dividend Of $0.6/ADS
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education & Technology Group Inc. (NYSE:EDU) announced a special cash dividend of $0.6 per ADS, payable to shareholders of record as of September 9, 2024. The total dividend payout will be approximately $100 million.
August 19, 2024 | 9:19 am
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New Oriental Education & Technology Group Inc. (NYSE:EDU) has declared a special cash dividend of $0.6 per ADS, with a total payout of approximately $100 million. This dividend is payable to shareholders of record as of September 9, 2024.
The announcement of a special cash dividend is generally positive news for shareholders as it indicates the company's strong financial position and willingness to return capital to shareholders. This could lead to a short-term increase in the stock price.
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