China Lending (CLDC) Declares $0.09 Quarterly Dividend; 4.4% Yield
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China Lending Corporation Declares Dividend Payment of $0.09 Per Ordinary Share
August 29, 2016 6:30 AM EDTNEW YORK--(BUSINESS WIRE)-- China Lending Corporation (NASDAQ:CLDC; CLDCW) (China Lending or the Company), a leading non-bank direct lending corporation servicing micro, small and medium sized enterprises (MSME), currently underserved by commercial banks in China, today announced that its Board of Directors approved a one-time dividend of $0.09 per ordinary share, which represents 15% of China Lendings 2015 net income.
The dividend will be paid on October 18, 2016 to holders of record of the Companys ordinary shares on September 8, 2016. The dividend will be payable in cash or ordinary shares, at the election of each shareholder. An election notice will be... More
