Alibaba (NYSE: BABA) declared an annual dividend of $1.00 per share, or $1 annualized.

The dividend will be payable on January 18, 2024, to stockholders of record on December 21, 2023, with an ex-dividend date of December 20, 2023.

The annual yield on the dividend is 1.1 percent.

“We achieved a stable quarter with revenue increasing 9% year-over-year and income from operations and adjusted EBITA increasing 34% and 18% year-over-year, respectively,” said Toby Xu, Chief Financial Officer of Alibaba Group. “Under our capital management plan, we are prioritizing investment in technology and innovations for our businesses to drive new growth. We are confident in our business fundamentals and are pleased to announce our first annual dividend distribution for fiscal year 2023, with an aggregate amount of approximately US$2.5 billion, as part of our continued efforts to enhance shareholders’ return in addition to the ongoing share repurchase program.”

For a dividend history and other dividend-related data on Alibaba (BABA) click here.