Kweichow Moutai to Splash $3.8 Billion in First-Ever Special Cash Dividend

What’s new: Chinese liquor giant Kweichow Moutai Co. Ltd. (600519.SH) will treat shareholders to a 27.5 billion yuan ($3.8 billion) special cash dividend, the first time since going public that the company has paid a bonus separate from its regular annual dividend, according to a Monday exchange filing.

Following the announcement, Kweichow Moutai’s Shanghai-listed shares jumped 5.9% on Tuesday, ending the day at 1,599 yuan apiece.