JD.com initiates quarterly dividend of 62c per ADS

The company announced that its board of directors approved a cash dividend of 31c per ordinary share, or 62c per ADS, to holders of ordinary shares and holders of ADSs, respectively, as of the close of business on April 6, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the dividend will be approximately $1B. The payment date is expected to be on or around April 27 and on or around May 4 for holders of ordinary shares and holders of ADSs, respectively. In addition, the company plans to adopt an annual dividend policy, under which the company may choose to declare and distribute a cash dividend each year, starting from 2023, at an amount determined in relation to the company’s financial performance in the previous fiscal year, among other factors. The determination to make dividend distributions in any particular year will be made at the discretion of the Board based upon factors such as the company’s results of operations, cash flow, financial condition, capital requirements and other considerations that the board deems relevant.