Bright Scholar Announces Declaration of a Dividend

Rhea-AI Summary

Bright Scholar Education Holdings Limited (BEDU) has declared a cash dividend of US$0.12 per ordinary share, totaling approximately US$14 million. The dividend will be paid on August 24, 2020 to shareholders on record as of August 10, 2020. This decision reflects the company’s ongoing focus on shareholder returns, based on its current financial performance and operations. As of May 31, 2020, Bright Scholar operated 80 schools in China and had an average enrollment of 51,970 students.

Positive

• Declared a cash dividend of US$0.12 per share, reflecting financial stability and shareholder return.
• Total dividend payout of approximately US$14 million indicates confidence in financial performance.

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• None

FOSHAN, China, July 23, 2020 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that its board of directors (the "Board") has approved and declared a cash dividend of US$0.12 per ordinary share (US$0.12 per American depositary share).

The amount of cash dividends to be distributed is approximately US$14 million in total. The dividends are expected to be paid on August 24, 2020 to the holders of the Company's ordinary shares of record as of the close of business on August 10, 2020. The determination to declare and pay the dividend and the amount of dividend in any year will be made at the discretion of the Board and will be based upon the Company's operations and earnings, cash flow, financial condition and other relevant factors that the Board may deem appropriate.

About Bright Scholar Education Holdings Limited

Bright Scholar is a global premier education service company, dedicated to providing quality international education to global students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. As of May 31, 2020, Bright Scholar operated 80 schools across ten provinces in China and eight schools overseas, covering the breadth of K-12 academic needs of its students. In the nine months ended May 31, 2020, Bright Scholar had an average of 51,970 students enrolled at its schools.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
GCM Strategic Communications
Email: BEDU.IR@gcm.international

Media Contact:
Email: media@brightscholar.com
Phone: +86-757-6683-2507

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SOURCE Bright Scholar Education Holdings Ltd.

FAQ

What is the dividend amount declared by Bright Scholar (BEDU)?

Bright Scholar has declared a dividend of US$0.12 per ordinary share.

When will the dividend for BEDU shareholders be paid?

The dividend will be paid on August 24, 2020.

What is the record date for receiving the dividend from Bright Scholar?

The record date for the dividend is August 10, 2020.

How much is the total dividend payout for BEDU?

The total dividend payout is approximately US$14 million.

What factors influence Bright Scholar's dividend declarations?

Dividend amounts are based on the Company's operations, earnings, cash flow, and financial condition.