China Lending (CLDC) Declares $0.148 Quarterly Dividend; 9.1% Yield
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China Lending Corporation Declares Dividend of $0.148 Per Ordinary Share
December 19, 2016 6:30 AM ESTNEW 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 $0.148 per ordinary share which represents an amount equal to twenty-five percent (25%) of the Companys consolidated net income for the period beginning January 1, 2016 through September 30, 2016, the end of the Companys third quarter, after deducting the amount of dividends paid, payable or otherwise accrued as preferred dividends with respect to the... More
