Oriental Culture Holding LTD Announces Special Cash Dividend Plan to Reward Shareholders on Fifth Anniversary of Listing
Rhea-AI Summary
Oriental Culture Holding (Nasdaq: OCG) announced a special cash dividend to mark its fifth anniversary on Nasdaq. The Board approved the plan on January 8, 2026. Eligible shareholders of record as of January 22, 2026 will receive US$0.05 per share, with payment scheduled for February 9, 2026. Management said the dividend is funded from accumulated cash reserves after securing funds for ongoing operations and development, and will be implemented in compliance with relevant regulations.
Positive
- Special cash dividend of $0.05 per share announced
- Board approval obtained on January 8, 2026
- Clear record date (Jan 22, 2026) and payment date (Feb 9, 2026)
Negative
- Per-share amount is small and may be immaterial to large shareholders
- Dividend funded from accumulated cash reserves, reducing available cash balances
News Market Reaction
On the day this news was published, OCG declined 15.50%, reflecting a significant negative market reaction. Argus tracked a peak move of +18.6% during that session. Argus tracked a trough of -47.6% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $300K from the company's valuation, bringing the market cap to $2M at that time. Trading volume was very high at 3.0x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Nasdaq: OCG
The specific dividend details are as follows:
- Dividend Type: Special Cash Dividend
- Eligible Shareholders: Shareholders of record as of January 22, 2026
- Dividend Amount:
US per share (based on shares outstanding as of the record date of January 22, 2026)$0.05 - Payment Date: February 9, 2026
OCG CEO Shao Yi stated: "After securing the necessary funds for ongoing operations and development, the company has decided to return a portion of accumulated cash reserves from prior years to shareholders as dividends. This reflects our commitment to rewarding shareholder support and sharing in our growth achievements. This dividend represents our sincere gratitude for shareholders' five-year partnership. We firmly believe that while actively developing our business, we must also directly reward shareholders to foster long-term value creation."
This dividend plan was approved by the Board of Directors on January 8, 2026, and its implementation will comply with relevant regulations.
Forward-Looking Statements: This press release contains forward-looking statements. Actual results may differ materially from those expressed or implied due to risks and uncertainties. OCG assumes no obligation to update this information.
View original content:https://www.prnewswire.com/news-releases/oriental-culture-holding-ltd-announces-special-cash-dividend-plan-to-reward-shareholders-on-fifth-anniversary-of-listing-302658138.html
SOURCE Oriental Culture Holding Ltd
FAQ
What dividend did Oriental Culture Holding (OCG) announce on January 12, 2026?
Who is eligible for the OCG special dividend and what is the record date?
When will Oriental Culture Holding (OCG) pay the special dividend?
When was the OCG dividend plan approved by the board?
How is OCG funding the special dividend announced in January 2026?
