Xinyuan Real Estate Declares Q2 Dividends
Xinyuan Real Estate is continuing to build on its foundation of shareholder payouts. The company has declared dividends for both its common stock and its American Depositary Shares. The former amounts to $0.025 and the latter $0.05 per share; each will be paid on August 30 to shareholders of record as of August 16.
The ADS payout matches both of the developer's previous distributions, the most recent of which was handed out at the end of May. Prior to that, Xinyuan was marginally less generous, dispensing $0.04 per share.
The just-declared ADS dividend annualizes to $0.20 per share. That yields 4% at that security's current share price of $5.00.
The article Xinyuan Real Estate Declares Q2 Dividends originally appeared on Fool.com.
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