Waterdrop declared a special cash dividend, the aggregate payment of which amounted to approximately US$15 million

(High)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

News Market Reaction – WDH

The recorded move for WDH in the trading session of this news was -0.78%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

03/27/2024 - 02:35 AM EDT

BEIJING, March 27, 2024 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the three months and full year ended December 31, 2023 and a special cash dividend.

In recognition of the invaluable support from shareholders, Waterdrop declared a special cash dividend, the aggregate payment of which amounted to approximately US$15 million. The special cash dividend of US$0.04 per ADS or US$0.004 per ordinary share for 2023 to shareholders of record as of the close of business on April 19, 2024. The payment date is expected to be on or around April 30, 2024 for holders of ordinary shares and on or around May 3, 2024 for holders of ADSs.

Meanwhile, pursuant to the share repurchase programs launched in September 2021, September 2022 and September 2023, respectively, Waterdrop had cumulatively repurchased approximately 39.7 million ADSs from the open market with cash for a total consideration of approximately US$88.8 million as of February 29, 2024.

Looking into 2024, Waterdrop will continue to execute strategy to pursue stable and high-quality growth while maintaining profitability, as Waterdrop is well positioned to seize the next wave of opportunities in China's insurance and healthcare market.

View original content:https://www.prnewswire.com/news-releases/waterdrop-declared-a-special-cash-dividend-the-aggregate-payment-of-which-amounted-to-approximately-us15-million-302100650.html