Lufax Declares $2.42/ADS Special Dividend
Ticker: LU · Form: 6-K · Filed: Mar 25, 2024 · CIK: 1816007
| Field | Detail |
|---|---|
| Company | Lufax Holding LTD (LU) |
| Form Type | 6-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $2.42, $1.21 |
| Sentiment | bullish |
Sentiment: bullish
Topics: dividend, special-dividend, return-of-capital
TL;DR
LUXAF paying out $2.42/ADS special dividend Aug 6, 2024. Get ready for cash!
AI Summary
Lufax Holding Ltd announced on March 21, 2024, that its board of directors approved a special cash dividend of US$2.42 per American Depositary Share (ADS), equivalent to US$1.21 per ordinary share. This dividend is scheduled to be paid on or around August 6, 2024, to shareholders of record on that date.
Why It Matters
This special dividend distribution signals a potential return of capital to shareholders, which could be viewed positively by investors.
Risk Assessment
Risk Level: low — The filing is a straightforward announcement of a dividend payment, with no indication of underlying financial distress or significant operational changes.
Key Numbers
- $2.42 — Special Dividend per ADS (Amount to be paid to holders of American Depositary Shares.)
- $1.21 — Special Dividend per Ordinary Share (Equivalent amount to be paid per ordinary share.)
Key Players & Entities
- Lufax Holding Ltd (company) — Registrant
- US$2.42 (dollar_amount) — Special Dividend per ADS
- US$1.21 (dollar_amount) — Special Dividend per ordinary share
- August 6, 2024 (date) — Payment Date for Special Dividend
- March 21, 2024 (date) — Board Meeting Date for Dividend Approval
FAQ
What is the record date for the special dividend?
The filing does not explicitly state a separate record date, but implies it will be on or around August 6, 2024, as the dividend is to be paid to holders of record on that date.
What is the total amount Lufax Holding Ltd is paying out in dividends?
The filing does not provide the total number of outstanding ADSs or ordinary shares, so the total payout amount cannot be determined from this document.
What is the reason for this special dividend?
The filing states the dividend was approved pursuant to a board meeting dated March 21, 2024, but does not provide the specific business rationale behind the special dividend.
Is this dividend subject to any conditions?
The filing mentions the dividend is a 'cash dividend' and is to be paid to 'holders of record', implying standard dividend conditions, but no unusual conditions are specified.
What is the relationship between the ADS dividend and the ordinary share dividend?
The special dividend of US$2.42 per ADS is equivalent to US$1.21 per ordinary share, indicating a 2:1 ratio between ADSs and ordinary shares for dividend distribution.
Filing Stats: 269 words · 1 min read · ~1 pages · Grade level 13.2 · Accepted 2024-03-25 17:00:50
Key Financial Figures
- $2.42 — roved and declared a cash dividend of US$2.42 per ADS (equivalent to US$1.21 per ordi
- $1.21 — end of US$2.42 per ADS (equivalent to US$1.21 per ordinary share) on its outstanding
Filing Documents
- d812243d6k.htm (6-K) — 8KB
- d812243dex991.htm (EX-99.1) — 5KB
- g812243ys1.jpg (GRAPHIC) — 14KB
- g812243ys2.jpg (GRAPHIC) — 6KB
- 0001193125-24-076604.txt ( ) — 42KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Lufax Holding Ltd By: /s/ David Siu Kam Choy Name: David Siu Kam Choy Title: Chief Financial Officer Date: March 25, 2024 Exhibit Index Exhibit 99.1Announcement with The Stock Exchange of Hong Kong LimitedUpdate on Special DividendRecord Date for Special Dividend