Huazhu Group Ltd (HK:1179) has released an update.
H World Group Limited, previously known as Huazhu Group Limited, has announced a three-year shareholder return plan involving distributions up to $2 billion, starting from July 23, 2024. This includes a new policy to pay out at least 60% of the company’s annual net income in dividends, the declaration of a $200 million cash dividend, and a $1 billion share repurchase program. Shareholders are advised to exercise caution when dealing in the company’s securities.
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