JD.com reports Q4 (Dec) results, beats on revs (21.44)
- Reports Q4 (Dec) earnings of RMB 5.30 per share, may not be comparable to the FactSet Consensus of RMB 4.81; revenues rose 3.6% year/year to RMB 306.08 bln vs the RMB 300.21 bln FactSet Consensus.
- Dividend Payment
- The company announced that its board of directors approved an annual cash dividend for the year ended December 31, 2023 of US$0.38 per ordinary share, or US$0.76 per ADS, to holders of ordinary shares and holders of ADSs, respectively, as of the close of business on April 5, 2024 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the dividend will be approximately US$1.2 billion. The payment date is expected to be on or around April 23, 2024 and on or around April 29, 2024 for holders of ordinary shares and holders of ADSs, respectively.
- Share Repurchase Program
- The company's Board has approved a new share repurchase program, effective upon the expiry of the company's Existing Share Repurchase Program on March 17, 2024. Pursuant to the New Share Repurchase Program, the company may repurchase up to US$3.0 billion worth of its shares (including ADSs) over the next 36 months through March 2027.