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Longfor Group Announces Interim Dividend with Scrip Option

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Longfor Group Announces Interim Dividend with Scrip Option

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The latest update is out from Longfor Group Holdings ( (HK:0960) ).

Longfor Group Holdings Limited has announced its unaudited interim results for the six months ending June 30, 2024, declaring an interim cash dividend of RMB 0.22 per share, with a scrip option available. This financial update reflects the company’s ongoing commitment to providing shareholder value through dividends, with the exchange rate set at RMB 1 to HKD 1.08448. The payment will be made on April 8, 2025, with the option for partial election of scrip shares, indicating a strategic approach to maintaining financial flexibility and investor satisfaction.

More about Longfor Group Holdings

Longfor Group Holdings Limited operates in the real estate industry, focusing primarily on property development, property investment, and property management services. The company is known for its diversified portfolio that includes residential, commercial, and office properties, catering to a wide range of market demands in China.

YTD Price Performance: 1.56%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $8.73B

For a thorough assessment of 0960 stock, go to TipRanks’ Stock Analysis page.

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