- MINISO Group Holding Ltd (NYSE:MNSO) board of directors has approved a special cash dividend in the amount of $0.172 per ADS or $0.043 per ordinary share.
- The special dividend is payable on September 9, 2022, to the holders of ADS and ordinary shares of record on August 31, 2022.
- The ex-dividend date will be August 30, 2022.
- The aggregate amount of cash dividends to be paid is about $53.5 million (RMB360.8 million), funded by surplus cash on the company’s balance sheet.
- The company held $865.4 million in cash and equivalents as of March 31, 2022.
- Price Action: MNSO shares closed lower by 1.80% at $6.00 on Tuesday.
A Look Into Industrials Sector Value Stocks
The Meaning Behind Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
