CLPS Incorporation Declares Special Cash Dividend of $0.13 Per Share for Third Consecutive Fiscal Years
CLPS Incorporation (Nasdaq: CLPS) has announced a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such payment. The dividend, totaling approximately $3.6 million, will be payable on November 12, 2024, to shareholders of record as of November 4, 2024. CEO Raymond Lin emphasized that this decision reflects confidence in the company's future while maintaining focus on core business, pursuing growth opportunities in emerging sectors, and strengthening international presence. Future dividend declarations will be based on various factors including financial position, operations, and market conditions.
CLPS Incorporation (Nasdaq: CLPS) ha annunciato un dividendo speciale in contante di $0.13 per azione di azioni ordinarie, segnando il terzo anno fiscale consecutivo di tali pagamenti. Il dividendo, che ammonta a circa $3,6 milioni, sarà pagabile il 12 novembre 2024, agli azionisti registrati il 4 novembre 2024. Il CEO Raymond Lin ha sottolineato che questa decisione riflette fiducia nel futuro dell'azienda, mantenendo al contempo l'attenzione sul core business, perseguendo opportunità di crescita nei settori emergenti e rafforzando la presenza internazionale. Le future dichiarazioni di dividendi si baseranno su vari fattori, inclusa la posizione finanziaria, le operazioni e le condizioni di mercato.
CLPS Incorporation (Nasdaq: CLPS) ha anunciado un dividendo especial en efectivo de $0.13 por acción de acciones ordinarias, marcando el tercer año fiscal consecutivo de este pago. El dividendo, que totaliza aproximadamente $3.6 millones, se pagará el 12 de noviembre de 2024, a los accionistas que estén registrados al 4 de noviembre de 2024. El CEO Raymond Lin destacó que esta decisión refleja confianza en el futuro de la empresa, mientras se mantiene el enfoque en el negocio principal, se buscan oportunidades de crecimiento en sectores emergentes y se fortalece la presencia internacional. Las futuras declaraciones de dividendos se basarán en varios factores, incluidas la posición financiera, las operaciones y las condiciones del mercado.
CLPS 법인 (Nasdaq: CLPS)은 보통주 1주당 $0.13의 특별 현금 배당금을 발표했으며, 이는 3년 연속 지급되는 배당금입니다. 총 배당금은 약 360만 달러에 달하며, 2024년 11월 12일에 2024년 11월 4일 기준 주주에게 지급됩니다. CEO 레이몬드 린은 이 결정이 회사의 미래에 대한 신뢰를 반영하고 있으며, 핵심 사업에 집중하고, 신흥 부문에서 성장 기회를 추구하며, 국제적 존재감을 강화하는 것이라고 강조했습니다. 향후 배당금 발표는 재무 상태, 운영 및 시장 조건을 포함한 여러 요인을 기반으로 할 것입니다.
CLPS Incorporation (Nasdaq: CLPS) a annoncé un dividende spécial en espèces de 0,13 $ par action ordinaire, marquant la troisième année fiscale consécutive de tels paiements. Le dividende, d'un montant total d'environ 3,6 millions de dollars, sera payable le 12 novembre 2024 aux actionnaires inscrits au 4 novembre 2024. Le PDG Raymond Lin a souligné que cette décision reflète la confiance dans l'avenir de l'entreprise, tout en maintenant l'accent sur les activités principales, en recherchant des opportunités de croissance dans des secteurs émergents et en renforçant la présence internationale. Les futures déclarations de dividende seront basées sur divers facteurs, y compris la position financière, les opérations et les conditions du marché.
CLPS Incorporation (Nasdaq: CLPS) hat eine sonstige Barausschüttung von $0,13 pro Aktie der Stammaktien angekündigt, was das dritte aufeinanderfolgende Geschäftsjahr dieser Zahlungen markiert. Die Dividende, die insgesamt etwa $3,6 Millionen beträgt, wird am 12. November 2024 an die Aktionäre ausgezahlt, die am 4. November 2024 registriert sind. CEO Raymond Lin hob hervor, dass diese Entscheidung Vertrauen in die Zukunft des Unternehmens widerspiegelt, während der Fokus auf dem Kerngeschäft beibehalten, Wachstumschancen in aufstrebenden Sektoren verfolgt und die internationale Präsenz gestärkt wird. Zukünftige Dividendenbekanntgaben werden auf verschiedenen Faktoren basieren, einschließlich der finanziellen Lage, der Betriebe und der Marktbedingungen.
- Declared special cash dividend of $0.13 per share
- Third consecutive year of dividend payment
- Total dividend payout of $3.6 million
- Company maintains strong cash position enabling dividend distribution
- None.
Insights
The special cash dividend of
The company's ability to maintain consistent dividend payments while pursuing M&A opportunities suggests strong cash flow generation and healthy balance sheet management. However, investors should note that special dividends, unlike regular dividends, don't typically signal long-term distribution commitments. The dividend yield appears attractive, but sustainability will depend on continued operational performance and market conditions.
Mr. Raymond Lin, Chief Executive Officer of CLPS, commented, "In light of our recent stock performance, the Board of Directors has decided to declare another round of special cash dividend for our shareholders. This decision underscores our ongoing commitment to delivering value to our investors and reflects our confidence in the Company's future. While we stay focused on our core business, we are actively pursuing new growth opportunities, such as expanding into emerging sectors and strengthening our international presence to ensure we remain competitive in the rapidly evolving market. We are confident that this dividend payout will not hinder our operational capabilities, including our pursuit of potential M&A as well as business expansion initiatives."
The details of any future cash dividend declaration, including the amount of such dividend, the timing, and establishment of the record and payment dates, will be determined by the Board of Directors. The decision of whether to pay future cash dividends and the amount of any such dividends will be based on the Company's financial position, results of operations, cash flows, capital requirements, business conditions, the requirements of applicable law, and any other factors the Board of Directors may deem relevant.
About CLPS Incorporation
Headquartered in
Forward-Looking Statements
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS
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