BEIJING - KE Holdings Inc. (NYSE: BEKE and HKEX: 2423), known as Beike, has declared a final cash dividend of approximately $0.4 billion, signaling a payout of $0.117 per ordinary share or $0.351 per American Depositary Share (ADS). Shareholders on record by the close of business on April 5, 2024, will be eligible for the dividend, which is funded by the company's cash surplus.
The payment is scheduled for April 19, 2024, for ordinary share holders, and on or around April 24, 2024, for ADS holders. The dividend distribution to ADS holders is subject to the terms outlined in the deposit agreement with the depositary bank. Shareholders must submit all necessary documents for share transfer to Computershare Hong Kong Investor Services Limited by the cutoff time on the record date to qualify for the dividend.
As per the company's dividend policy, the Board retains discretion over dividend distributions, ensuring compliance with Cayman Islands law. Future dividends, if any, will depend on factors such as operational performance, capital needs, financial health, and other considerations deemed relevant by the Board.
KE Holdings, a prominent player in China's real estate sector, operates an integrated online and offline platform for housing transactions and services. The company's portfolio includes Lianjia, a leading real estate brokerage brand, which has been instrumental in the growth and development of Beike's platform.
The information in this article is based on a press release statement from KE Holdings Inc.
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