New Oriental Education announces 6c per share special dividend

New Oriental Education announced that its board of directors has approved a special cash dividend of 6c per common share, or 60c per ADS, to holders of common shares and ADSs of record as of the close of business on September 9 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the cash dividend to be paid will be approximately $100M. Dividend to be paid to the company’s ADS holders through the depositary bank will be subject to the terms of the deposit agreement. The payment date is expected to be on or around September 23 and September 26 for holders of common shares and holders of ADSs, respectively.