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Dividends

Jiayin Group Inc. Announces Record Date and Payment Date for Cash Dividends

Strategic Insights

— 1 min read

Jiayin Group Inc., a fintech platform in China, has declared a record date and payment date for its upcoming cash dividend distribution. The company's board of directors has approved the distribution of US$0.20 per ordinary share, or US$0.80 per American depositary share (ADS), to shareholders. The record date for eligible shareholders, including JPMorgan Chase Bank, N.A., the depositary of the Company's ADS program, is July 14. Shareholders will receive the dividend payments on or around July 18, while ADS holders will receive their payments through the depositary on or around July 24.

Key Takeaways:

  • The board of directors of Jiayin Group Inc. has approved the declaration and payment of cash dividends of US$0.20 per ordinary share, or US$0.80 per ADS, to shareholders.
  • The record date for eligible shareholders is July 14, 2023 (U.S. Eastern Time).
  • The aggregate amount of cash to be distributed for the dividends is expected to be approximately US$41.1 million.
  • Dividend payments to shareholders are expected to be made on or around July 18, 2023.
  • Dividend payments to ADS holders are expected to be made through the depositary on or around July 24, 2023.
  • The dividend payments are subject to the terms of the deposit agreement by and among the Company and the Depositary, and the holders and beneficial owners of ADSs issued thereunder.
  • The dividend distribution is part of Jiayin Group Inc.'s commitment to facilitating effective, transparent, secure, and fast connections between underserved individual borrowers and financial institutions.

Statistics:

  • US$0.20 per ordinary share, or US$0.80 per ADS, to be paid as cash dividend.
  • Record date: July 14, 2023 (U.S. Eastern Time).
  • Payment date for shareholders: July 18, 2023.
  • Payment date for ADS holders: July 24, 2023.
  • Aggregate dividend payment: approximately US$41.1 million.
  • Number of ADS holders: not specified.

Sources:

  • Jiayin Group Inc. (https://ir.jiayintech.cn)
  • JPMorgan Chase Bank, N.A. (not specified)
  • The China fintech industry (not specified)

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