Jiayin Group Inc. Sets Record Cash Dividend Dates Amid Growth
Jiayin Group Inc. Announces Cash Dividend Record and Payment Dates
SHANGHAI, China — Jiayin Group Inc. (NASDAQ: JFIN), recognized as a leading fintech platform in China, has officially disclosed the record and payment dates for its upcoming cash dividends. The Company’s board of directors has thoughtfully approved the distribution of cash dividends amounting to US$0.20 per ordinary share, which translates to US$0.80 for each American depositary share (ADS).
Dividend Eligibility and Distribution Timeline
The Board confirmed that those holding ordinary shares based on the Company’s records by the close of trading on a specific date will qualify for these dividends. Shareholders, including prominent beneficiaries like JPMorgan Chase Bank, N.A., which serves as the depositary for the ADS program, are anticipated to receive their dividend payments around a set date following the records closure.
In total, approximately US$41.1 million is earmarked for distribution in these dividends, underlining Jiayin's financial commitment to its stakeholders. Furthermore, shareholders holding the Company's ADSs should expect the payments through the depositary within a subsequent timeframe, subject to the terms laid out in the deposit agreement.
About Jiayin Group Inc.
Since its inception in 2011, Jiayin Group Inc. has grown into a noteworthy player within the fintech sector in China. The Company is dedicated to establishing effective and transparent connections between individuals needing financial assistance and institutions equipped to lend.
Innovative Risk Management and Assessment
At the heart of Jiayin's operations lays a robust risk management system combined with a proprietary risk assessment model. This model utilizes advanced analytics and sophisticated algorithms to accurately evaluate potential borrowers' risk profiles. This innovative approach not only contributes to a secure lending environment but also ensures a more efficient marketplace for its users.
Commitment to Shareholders and Future Growth
Jiayin Group continues to thrive in the dynamic fintech landscape, adapting to the market's demands while ensuring that returns to shareholders remain a priority. By facilitating loans through their platform, the Company also focuses on enhancing its investment volume and borrower engagement efforts.
Contact for Investor and Media Inquiries
If you would like to learn more about Jiayin Group or have any queries, please reach out to:
Jiayin Group
Ms. Emily Lu
Email: ir@jiayinfintech.cn
Frequently Asked Questions
What is the dividend payment amount announced by Jiayin Group?
The dividend payment is set at US$0.20 per ordinary share and US$0.80 per American depositary share.
What is the total amount earmarked for dividend distribution?
Approximately US$41.1 million is allocated for the dividend distribution.
Who qualifies for the cash dividends from Jiayin Group?
Shareholders listed on the Company’s records by a specific date will be entitled to the dividends.
When can shareholders expect to receive their dividends?
Payments are expected to be made around a designated date after the record date.
How does Jiayin Group assess borrower risk?
The Company employs advanced analytics and proprietary algorithms to determine the risk profiles of potential borrowers effectively.
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