Noah Holdings announces 21c per share special dividend

Noah Holdings rewarded shareholders with a record RMB 1.018B, or $140.1M dividend payout under its new capital management and shareholder return policy. The dividend payout was processed on July 25 for registered holders of the company’s shares in Hong Kong and August 1 for registered holders of the company’s shares in the U.S. The company distributed both a final dividend and a special dividend, each amounting to RMB 509M, or $70M. This translates to a distribution ratio of RMB 1.54, or 21c per share, for each dividend, tax inclusive. In November 2023, Noah‘s board of directors adopted a new capital management and shareholder return policy where up to 50% the company’s non-GAAP net income attributable to shareholders of the preceding financial year will be allocated to a corporate actions budget which will serve various purposes, including dividend distribution and share repurchases. Under the Policy, no less than 35% of the company’s non-GAAP net income attributable to shareholders of the preceding financial year will be allocated toward dividends to be distributed in each calendar year, subject to various factors.