Atour Lifestyle Holdings (NASDAQ: ATAT) has announced two major shareholder-friendly initiatives. First, the company declared a cash dividend of $0.42 per ADS (or $0.14 per ordinary share), totaling approximately $58 million, payable on June 18, 2025. This dividend is part of a three-year Annual Dividend Policy adopted in August 2024, which commits to distributing at least 50% of the previous year's net income. Second, Atour authorized a three-year share repurchase program of up to $400 million. The repurchases will be executed through various means including open market purchases and private transactions. The company plans to fund the repurchases from its existing cash reserves, which stood at RMB3.1 billion ($434 million) as of March 31, 2025.
Atour Lifestyle Holdings (NASDAQ: ATAT) ha annunciato due importanti iniziative a favore degli azionisti. In primo luogo, la società ha dichiarato un dividendo in contanti di 0,42 dollari per ADS (o 0,14 dollari per azione ordinaria), per un totale di circa 58 milioni di dollari, con pagamento previsto per il 18 giugno 2025. Questo dividendo fa parte di una Politica di Dividendo Annuale triennale adottata nell'agosto 2024, che prevede la distribuzione di almeno il 50% dell'utile netto dell'anno precedente. In secondo luogo, Atour ha autorizzato un programma di riacquisto azionario triennale fino a 400 milioni di dollari. I riacquisti saranno effettuati tramite diverse modalità, tra cui acquisti sul mercato aperto e transazioni private. La società intende finanziare i riacquisti con le riserve di liquidità esistenti, che ammontavano a 3,1 miliardi di RMB (434 milioni di dollari) al 31 marzo 2025.
Atour Lifestyle Holdings (NASDAQ: ATAT) ha anunciado dos importantes iniciativas favorables para los accionistas. Primero, la compañía declaró un dividendo en efectivo de 0,42 dólares por ADS (o 0,14 dólares por acción ordinaria), que suma aproximadamente 58 millones de dólares, pagadero el 18 de junio de 2025. Este dividendo forma parte de una Política de Dividendos Anual de tres años adoptada en agosto de 2024, que compromete a distribuir al menos el 50% de las ganancias netas del año anterior. Segundo, Atour autorizó un programa de recompra de acciones por hasta 400 millones de dólares durante tres años. Las recompras se realizarán mediante diversas vías, incluyendo compras en el mercado abierto y transacciones privadas. La compañía planea financiar las recompras con sus reservas de efectivo existentes, que ascendían a 3.100 millones de RMB (434 millones de dólares) al 31 de marzo de 2025.
Atour Lifestyle Holdings(NASDAQ: ATAT)는 주주 친화적인 두 가지 주요 이니셔티브를 발표했습니다. 첫째, 회사는 ADS당 0.42달러 현금 배당금(또는 보통주 1주당 0.14달러)을 선언했으며, 총 약 5800만 달러로 2025년 6월 18일에 지급될 예정입니다. 이 배당금은 2024년 8월에 채택된 3년간의 연간 배당 정책의 일부로, 전년도 순이익의 최소 50%를 배당하기로 약속한 것입니다. 둘째, Atour는 3년간 최대 4억 달러의 자사주 매입 프로그램을 승인했습니다. 자사주 매입은 공개 시장 구매 및 사적 거래 등 다양한 방법으로 진행될 예정입니다. 회사는 2025년 3월 31일 기준 31억 위안(4억 3,400만 달러)의 현금 보유액에서 자사주 매입 자금을 조달할 계획입니다.
Atour Lifestyle Holdings (NASDAQ : ATAT) a annoncé deux initiatives majeures favorables aux actionnaires. Premièrement, la société a déclaré un dividende en espèces de 0,42 $ par ADS (ou 0,14 $ par action ordinaire), totalisant environ 58 millions de dollars, payable le 18 juin 2025. Ce dividende fait partie d'une politique de dividende annuelle triennale adoptée en août 2024, qui s'engage à distribuer au moins 50 % du bénéfice net de l'année précédente. Deuxièmement, Atour a autorisé un programme de rachat d'actions sur trois ans pouvant atteindre 400 millions de dollars. Les rachats seront effectués par divers moyens, notamment des achats sur le marché ouvert et des transactions privées. La société prévoit de financer ces rachats avec ses réserves de trésorerie existantes, qui s'élevaient à 3,1 milliards de RMB (434 millions de dollars) au 31 mars 2025.
Atour Lifestyle Holdings (NASDAQ: ATAT) hat zwei wichtige aktionärsfreundliche Maßnahmen angekündigt. Erstens erklärte das Unternehmen eine Bardividende von 0,42 USD pro ADS (entspricht 0,14 USD pro Stammaktie) in Höhe von insgesamt etwa 58 Millionen USD, zahlbar am 18. Juni 2025. Diese Dividende ist Teil einer dreijährigen jährlichen Dividendenpolitik, die im August 2024 eingeführt wurde und verpflichtet, mindestens 50 % des Nettogewinns des Vorjahres auszuschütten. Zweitens genehmigte Atour ein drei Jahre laufendes Aktienrückkaufprogramm von bis zu 400 Millionen USD. Die Rückkäufe werden über verschiedene Wege erfolgen, darunter Käufe am offenen Markt und private Transaktionen. Das Unternehmen plant, die Rückkäufe aus den bestehenden liquiden Mitteln zu finanzieren, die zum 31. März 2025 bei 3,1 Milliarden RMB (434 Millionen USD) lagen.
Positive
Significant share repurchase program of $400 million authorized, representing strong commitment to shareholder returns
Substantial cash dividend of $0.42 per ADS, totaling $58 million
Strong cash position of $434 million to support both dividend and buyback programs
Long-term commitment through three-year dividend policy guaranteeing at least 50% of net income distribution
Negative
Significant cash outflow from combined dividend and buyback could impact future growth investments
Large capital return program might indicate limited organic growth opportunities
Insights
Atour's $58M dividend and $400M buyback program signal strong financial position and commitment to shareholder returns amid China's hospitality sector.
Atour's dual announcement represents a significant capital return initiative for shareholders. The declared dividend of $0.14 per ordinary share ($0.42 per ADS) amounts to approximately $58 million in total distributions, payable June 18 to shareholders of record as of June 2.
The company has implemented a structured three-year annual dividend policy established in August 2024, committing to distribute at least 50% of its preceding year's net income as dividends. This provides shareholders with predictable income streams while demonstrating management's confidence in sustainable profitability.
More substantially, the $400 million share repurchase program authorized over three years represents a significant commitment to reducing share count and potentially enhancing earnings per share. This buyback program is particularly notable when compared to Atour's reported cash position of approximately RMB3.1 billion ($434 million) as of March 31, 2025 - indicating the company plans to deploy nearly its entire cash reserve for shareholder returns between dividends and buybacks.
The combined capital return strategy suggests Atour's management believes its shares may be undervalued relative to future prospects, while also reflecting confidence in continued strong cash generation from operations. For China's hospitality sector, such aggressive shareholder return programs are relatively uncommon and signal both financial strength and limited immediate expansion opportunities that would otherwise require significant capital reinvestment.
SHANGHAI, May 22, 2025 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced that as part of its commitment to enhancing shareholder value, the Board of Directors (the “Board”) has (i) declared a dividend under its three-year annual dividend policy (the “Annual Dividend Policy”) adopted in August 2024, and (ii) authorized a three-year share repurchase program of up to US$400 million (the “Share Repurchase Program”).
Dividend
In accordance with the Annual Dividend Policy, as the first dividend payment in 2025, the Board today declared a cash dividend of US$0.14 per ordinary share, or US$0.42 per American depositary share (“ADS”). Each ADS represents three Class A ordinary shares. The aggregate amount of the cash dividend to be distributed will be approximately US$58 million.
The cash dividend will be payable in U.S. dollars on or around June 18, 2025 to the holders of record of the Company’s ordinary shares (excluding certain Class A ordinary shares previously held by The Bank of New York Mellon, as the depositary bank, for bulk issuance of ADSs reserved under the Company’s share incentive plan) and ADSs as of the close of trading on June 2, 2025 (U.S. Eastern Time). Dividends to be paid to the Company’s ADS holders through the depositary will be subject to the terms of the deposit agreement by and among the Company, the depositary, and the holders and beneficial owners of ADS issued thereunder, including the fees and expenses payable thereunder.
The Board adopted the Annual Dividend Policy in August 2024, under which the Company plans to declare and distribute dividends with an aggregate amount of no less than 50% of its net income for the preceding financial year in each of the three financial years commencing in 2024. Under the Annual Dividend Policy, the exact dividend amount will be determined at the Board’s discretion based on its assessment of the Company’s actual and projected results of operations, financial and cash position, capital requirements and other relevant factors.
Share Repurchase Program
On the same day, the Board authorized the three-year Share Repurchase Program under which the Company may repurchase up to US$400 million in value of its ordinary shares and/or ADSs.
The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the SEC Rule 10b-18 and/or Rule 10b5-1 requirements. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance.
As of March 31, 2025, the Company had approximately RMB3.1 billion (US$434 million) in cash, cash equivalents and restricted cash.
About Atour Lifestyle Holdings Limited
Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading hospitality and lifestyle company in China, with a distinct portfolio of lifestyle hotel brands. Atour is the leading upper midscale hotel chain in China and is the first Chinese hotel chain to develop scenario-based retail business. Atour is committed to bringing innovations to China’s hospitality industry and building new lifestyle brands around hotel offerings.
What is the dividend amount announced by Atour (ATAT) for 2025?
Atour announced a cash dividend of $0.42 per ADS (or $0.14 per ordinary share), with total distribution of approximately $58 million, payable on June 18, 2025.
How much is Atour's (ATAT) share repurchase program worth?
Atour authorized a three-year share repurchase program of up to $400 million in value of its ordinary shares and/or ADSs.
What is Atour's (ATAT) dividend policy?
Atour adopted a three-year Annual Dividend Policy in August 2024, committing to distribute no less than 50% of its net income from the preceding financial year.
How much cash does Atour (ATAT) have to support its dividend and buyback programs?
As of March 31, 2025, Atour had approximately RMB3.1 billion (US$434 million) in cash, cash equivalents and restricted cash.
When is the record date for Atour's (ATAT) dividend payment?
The record date for Atour's dividend payment is June 2, 2025 (U.S. Eastern Time).
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