Autohome, a leading China-based online car retailer, has declared a cash dividend of $0.59 U.S. per ADS or $0.15 per ordinary share, to be paid out to holders of the securities of record as of the close of business on October 20, New York time and Beijing/Hong Kong time, respectively.
The aggregate amount of the dividend will be approximately RMB0.5 billion ($70.2 million). The pay-out is expected to be made to holders of ordinary shares on or around November 14, and to holders of ADSs on or around November 20.
CFO Craig Yan Zeng commented, “The declaration of a cash dividend reflects our robust cash position, strong cash flow and confidence in our future growth prospects. We will continue to focus on delivering value to our shareholders.”
