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Hexindai Declares Cash Dividend of 40 Cents

CapitalWatch Staff 2018-11-19 14:55 PM
Hexindai Declares Cash Dividend of 40 Cents

Hexindai Inc. (Nasdaq: HX), a Chinese financing company, announced that it will pay a cash dividend of 40 cents per American depositary share on or around Aug. 10 to its shareholders of record as of Aug. 2.

The stock of Beijing-based Hexindai rose 1 cent in trading Monday to $8.81 per ADS.

In its latest earnings statement for the fourth fiscal quarter ended March 31, the company said it had $132.6 million in cash and cash equivalents.

In a statement today, Hexindai said the August dividend will consist of an annual dividend of 27 cents per share, in addition to a special dividend of 13 cents per share.