China Yuchai International to Pay US$0.38 Per Share Cash Dividend for FY2023

Rhea-AI Summary

China Yuchai International (NYSE: CYD) has announced a cash dividend of US$0.38 per ordinary share for the fiscal year 2023. The dividend was declared by the company's Board of Directors and will be paid on August 28, 2024 to shareholders of record as of the close of business on August 19, 2024. This announcement demonstrates China Yuchai's commitment to returning value to its shareholders and may be seen as a positive signal regarding the company's financial health and confidence in its future prospects.

Positive

• Declared cash dividend of US$0.38 per ordinary share for FY2023
• Demonstrates commitment to shareholder value

Negative

• None.

SINGAPORE, Aug. 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai") announced today that a cash dividend of US$0.38 per ordinary share for the year ended December 31, 2023 has been declared by its Board of Directors. The cash dividend will be paid on August 28, 2024 to shareholders of record as of the close of business on August 19, 2024.

About Us

China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("Yuchai"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China.  Yuchai also produces diesel power generators.  The engines produced by Yuchai range from diesel to natural gas and hybrid engines.  Through its regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China.  Founded in 1951, Yuchai has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support.  In 2023, Yuchai sold 313,493 engines and is recognized as a leading manufacturer and distributor of engines in China.  For more information, please visit http://www.cyilimited.com.

Safe Harbor Statement:

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com

 

 

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SOURCE China Yuchai International

FAQ

What is the dividend amount for China Yuchai International (CYD) for FY2023?

China Yuchai International (CYD) has declared a cash dividend of US$0.38 per ordinary share for the fiscal year 2023.

When will China Yuchai International (CYD) pay its FY2023 dividend?

China Yuchai International (CYD) will pay the FY2023 dividend on August 28, 2024.

What is the record date for China Yuchai International's (CYD) FY2023 dividend?

The record date for China Yuchai International's (CYD) FY2023 dividend is August 19, 2024, at the close of business.

How often does China Yuchai International (CYD) pay dividends?

Based on this announcement, China Yuchai International (CYD) has declared an annual dividend for the fiscal year 2023. However, the frequency of dividend payments may vary and investors should check the company's dividend history for a complete picture.