Jiayin Group Inc. Declares Cash Dividends
Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, announced that its board of directors approved the payment of cash dividends of US$0.125 per ordinary share, or US$0.50 per American depositary share (“ADS”). The holders of the Company’s ordinary shares shown on the Company’s record at the close of trading will be entitled to these dividends. Shareholders, including JPMorgan Chase Bank, N.A., the depositary of the Company’s ADS program, are expected to receive the payments of dividends soon.
The aggregate amount of cash to be distributed for the dividends is expected to be approximately US$26.6 million.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure, and fast connections between underserved individual borrowers and financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and an effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers.
Investment Potential and Future Directions
Jiayin is focused on enhancing its services to ensure better connection between lenders and borrowers. This expansion represents a significant opportunity in the fintech space, especially within regions that have been underserved historically. The Company aims to leverage technology to streamline processes and improve user experience.
Financial Performance and Market Impact
The recent announcement regarding cash dividends underscores Jiayin's strong financial position. The Company has demonstrated an ongoing commitment to returning value to its shareholders while continuing to invest in technology and growth initiatives. This strategic balance is poised to strengthen its market presence in the fintech industry.
Investor Relations
For investor and media inquiries, please contact:
Jiayin Group
Mr. Shawn Zhang
Email: ir@jiayinfintech.cn
Frequently Asked Questions
What are the cash dividends announced by Jiayin Group?
Jiayin Group announced cash dividends of $0.125 per ordinary share and $0.50 per ADS.
When will the dividends be paid to shareholders?
Payments are expected to be made soon after the shareholders are identified based on the Company’s records.
What is the total amount allocated for the dividends?
Approximately $26.6 million is expected to be distributed for the dividends.
What makes Jiayin Group a leading fintech platform?
Jiayin operates a secure platform with advanced analytics and risk assessment, connecting borrowers and lenders efficiently.
How can investors reach Jiayin Group for inquiries?
Investors can contact Mr. Shawn Zhang via email at ir@jiayinfintech.cn.
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