Aug 09, 2024 04:36 AM
BUSINESS
Moutai Aims to Lift Investors’ Spirits With Generous Cash Dividends
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
The wholesale price of a bottle of 2023 Feitian Moutai in its original packaging hit an all-time low of 2,580 yuan ($360) in mid-June
(Bloomberg) — Kweichow Moutai Co. Ltd. plans annual cash dividends of no less than 75% of yearly profit for 2024 to 2026 as the Chinese maker of premium liquor grapples with falling stock prices.
The payment, intended to boost investor returns, will be made in two batches as an interim and a final dividend each year, Moutai said in an exchange filing. In a separate filing the company reported slower growth in earnings Thursday.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新