Bright Scholar Announces Declaration of a Dividend

Rhea-AI Summary

Bright Scholar Education Holdings Limited (NYSE: 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 16, 2021, to shareholders on record as of August 2, 2021. This decision reflects the Board's discretion based on the company's operational performance and financial condition. Bright Scholar operates 107 schools in China and emphasizes quality international education for global students.

Positive

• Declaration of cash dividend at US$0.12 per share, totaling US$14 million.
• Demonstrates confidence in financial health and operational performance.

Negative

• None.

FOSHAN, China, July 21, 2021 /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 16, 2021 to the holders of the Company's ordinary shares of record as of the close of business on August 2, 2021. 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, 2021, Bright Scholar operated 107 schools across twelve provinces in China and eight schools overseas, covering the breadth of K-12 academic needs of its students.

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

View original content:https://www.prnewswire.com/news-releases/bright-scholar-announces-declaration-of-a-dividend-301338376.html

SOURCE Bright Scholar Education Holdings Ltd.

FAQ

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

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

When will the dividend be paid to shareholders of BEDU?

The dividend is scheduled to be paid on August 16, 2021.

What is the total amount of dividends Bright Scholar plans to distribute?

Bright Scholar plans to distribute a total of approximately US$14 million in dividends.

Who is eligible to receive the dividend from Bright Scholar (BEDU)?

Shareholders holding ordinary shares of record as of August 2, 2021, are eligible to receive the dividend.