Phoenix New Media (FENG) Declares $1.3712 Special Dividend; 55.7% Yield

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Go back to Phoenix New Media (FENG) Declares $1.3712 Special Dividend; 55.7% Yield

Phoenix New Media Announces Special Cash Dividend of US$1.3712 per ADS

November 19, 2020 6:00 AM EST

BEIJING, Nov. 19, 2020 /PRNewswire/ -- Phoenix New Media Limited (NYSE: FENG), a leading new media company in China ("Phoenix New Media", "ifeng" or the "Company"), today announced that its Board of Directors declared a special cash dividend of US$0.1714 per ordinary share, equivalent to US$1.3712 per American depositary share ("ADS"), totaling approximately US$100 million, payable on December 22, 2020 to holders of record of the Company's ordinary shares at the close of business on December 4, 2020 (the "Record Date").

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