Kanzhun Declares $230M Annual Dividend, Payout Details Set
BZ is trading near its 52-week low of $12.57 (15% above the low) on elevated volume (1.9× avg).
Summary
Kanzhun's board approved an annual cash dividend of US$0.255 per ordinary share (US$0.510 per ADS), totaling approximately US$230 million. The record date is September 28, with ex-dividend dates September 25 (Hong Kong) and September 28 (ADS), and payments expected October 6 and October 14 respectively. This formalizes the dividend policy initiated earlier this year and follows the Q2 results that first mentioned a US$230M annual dividend. The CEO highlighted that combined with over US$300 million in buybacks year-to-date, total shareholder returns exceed 100% of prior year's adjusted net income. The payout is funded from surplus cash, reinforcing the company's commitment to returning capital.
At the time of this announcement, BZ was trading at $14.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $12.57 to $24.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.