Acorn International (ATV) Declares $0.75 Special One-Time Cash Dividend; 3% Yield

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Go back to Acorn International (ATV) Declares $0.75 Special One-Time Cash Dividend; 3% Yield

Acorn International Announces Special One-Time Cash Dividend of US$14.97 per ADS

May 25, 2018 6:30 AM EDT

SHANGHAI, May 25, 2018 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced that on May 23, 2018, its board of directors declared a special one-time cash dividend of US$0.75 per ordinary share, or approximately US$14.97 per American depositary share ("ADS"), each of which represents twenty ordinary shares. The aggregate amount of the special cash dividend is approximately US$40 million based on 53,437,890 outstanding ordinary shares which is equal to approximately 2,671,895 ADSs.

Record holders of the Company's ordinary shares at the close of business US Eastern Time on June 4, 2018 (the... More