FinVolution Group Announces Dividend of US$ 0.205 per American Depositary Share, Representing Approximately 15% Payout Ratio of Net Income for Fiscal Year 2021
FinVolution Group (NYSE: FINV) has declared a cash dividend of US$0.205 per American Depositary Share, reflecting a payout ratio of approximately 15% of its net income for fiscal year 2021. This dividend, set to be distributed around May 6, 2022, marks the fourth consecutive year of dividend distribution. The board has committed to an annual cash dividend policy, ensuring a minimum of 10% of net income post-tax from the previous fiscal year. The company aims to return value to shareholders while maintaining operational momentum and growth.
- Declared a cash dividend of US$0.205 per ADS, reflecting a 15% payout ratio.
- Established an annual cash dividend policy, guaranteeing at least 10% of net income.
- Consistent dividend distribution for four consecutive years indicates strong financial health.
- None.
SHANGHAI, March 14, 2022 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its board of directors (the "Board") has approved to declare a cash dividend of US
The decision to distribute dividends, and the amount of any such dividend payments, are made at the Board's discretion based on the Company's operations, earnings, cash flows, financial condition and other relevant factors.
The Company's average dividend payout ratio historical trend for the fiscal years 2018 to 2021 was approximately
Mr. Shaofeng Gu, Chairman of FinVolution Group, commented, "Aligned with our commitment to returning value to our shareholders, we are delighted to distribute dividends for the fourth consecutive year. Our confidence in our core capabilities, operational momentum, and the strength of our business both in China and overseas underpins our conviction to deliver sustainable, high-quality growth while sharing the profits with our shareholders."
About FinVolution Group
FinVolution Group is a leading fintech platform in China and internationally connecting underserved borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of December, 31, 2021, the Company had over 140.3 million cumulative registered users.
For more information, please visit: http://ir.finvgroup.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "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 can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. 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. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase the volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. 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. All information provided in this press release is as of the date of this press release, and FinVolution 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 applicable law.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200 Ext. 8601
Email: ir@xinye.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: finv@tpg-ir.com
View original content:SOURCE FinVolution Group
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