DividendJul 28, 2026, 09:21 AM
Wetouch Technology Declares $0.5M Special Cash Dividend
AI Summary
Wetouch Technology Inc. announced that its Board of Directors has approved a special cash dividend of US$0.5 million, equating to approximately US$0.04 per share. The dividend is expected to be paid around September 30, 2026, to shareholders of record as of August 17, 2026. This move reflects the company's commitment to enhancing shareholder value and balancing business growth with capital allocation efficiency, while also exploring future dividend policies.
Key Highlights
- Wetouch Technology Inc. declared a special cash dividend of US$0.5 million.
- The dividend is approximately US$0.04 per share based on 11.93 million outstanding shares.
- Shareholders of record as of August 17, 2026, will be eligible.
- The dividend is expected to be paid on or about September 30, 2026.
- The plan aims to enhance shareholder value and improve capital allocation efficiency.
- The company maintains sufficient financial resources for growth and strategic investments.
- Wetouch intends to consider additional cash dividends and an annual dividend policy in the future.
Price Impact
More from WETH