Xinyuan Real Estate Co., Ltd. Announces Third Quarterly Dividend for 2020

Rhea-AI Summary

Xinyuan Real Estate Co., Ltd. (NYSE: XIN) has declared a cash dividend of US$0.0125 per common share and US$0.025 per American Depositary Share for Q3 2020. The dividend will be payable before January 8, 2021, to shareholders on record as of December 18, 2020. Operating primarily in China, Xinyuan develops quality real estate in major cities, including Beijing and Shanghai, and has expanded its presence internationally, notably in the U.S. market.

Positive

• Declaration of a cash dividend of US$0.0125 per common share, indicating shareholder returns.
• Strengthening of investor confidence through consistent dividend payments.

Negative

• None.

BEIJING, Nov. 27, 2020 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced that its Board of Directors has declared a cash dividend for the third quarter of 2020 of US$0.0125 per common share, or US$0.025 per American Depositary Share, which will be payable before January 8, 2021, to shareholders of record as of December 18, 2020.

About Xinyuan Real Estate

Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an, and Suzhou. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

For more information, please contact:

In China:

Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

The Blueshirt Group
Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com

In the United States:

The Blueshirt Group
Ms. Julia Qian
Email: Julia@blueshirtgroup.com

View original content:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-announces-third-quarterly-dividend-for-2020-301181110.html

SOURCE Xinyuan Real Estate Co., Ltd.

FAQ

What is the dividend amount declared by Xinyuan Real Estate for Q3 2020?

Xinyuan Real Estate declared a dividend of US$0.0125 per common share and US$0.025 per American Depositary Share for Q3 2020.

When will the dividend for Xinyuan Real Estate be paid?

The dividend will be payable before January 8, 2021.

What is the record date for the dividend payment by Xinyuan Real Estate?

The record date for the dividend payment is December 18, 2020.

How does the dividend declaration affect XIN stock?

The declaration of a dividend typically indicates a commitment to returning value to shareholders, which can positively affect XIN stock performance.

Is the dividend sustainable for Xinyuan Real Estate?

The sustainability of the dividend depends on Xinyuan's ongoing financial performance and cash flow management.