China Green Agriculture (CGA) Declares $0.10 Dividend; 5.1% Yield

China Green Agriculture (NYSE: CGA) declared a special dividend of $0.10 per share.

The dividend will be payable on January 31, 2015, to stockholders of record on October 31, 2014.

The annual yield on the dividend is 5.1 percent.

The Board approved this first cash dividend after reviewing the Company's financial performance, market condition and expected cash requirements and cash flows. In the future, the Board will continue to review the Company's performance and consider dividend payments in appropriate amount to its stockholders from time to time.

Mr. Tao Li, chairman and CEO of the Company, said, "I am committed to reward my shareholders for your support. I am long time obliged to your trust and patience. This dividend due is a new start for us to optimize the use of our cash resources and future cash flows to support our business growth while enhancing the returns and values to our stockholders. The start of dividend payments demonstrates the management's confidence in our new business model. From the current fiscal year, we engage ourselves to focus, to explore, and to explode our sales through various online, offline, and Online to Offline ("O2O") channels. We are excited and ambitious with our growth in future. I welcome you to evidence with me the modern agriculture business in this revolutionary era."

For a dividend history and other dividend-related data on China Green Agriculture (CGA) click here.

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