10 October 2024 - SY Holdings Group Limited ("SY Holdings" or the "Group"; Stock Code: 6069.HK) announced today that it will maintain a dividend payout ratio of no less than 90% over the next three years, further enhancing the stability, consistency and predictability of its dividend distributions.
Since its listing, while delivering steady business growth, SY Holdings has actively implemented cash dividend distributions in line with regulatory policies to enhance investor returns. The Group has maintained dividend payments for six consecutive years, with cumulative dividends reaching HK$492 million.
In June, SY Holdings completed its 2023 final dividend distribution of HK$0.269 per ordinary share, totalling approximately HK$266 million and representing a payout ratio of about 90%. Based on the closing share price on the dividend announcement date, this translated to an attractive dividend yield of approximately 6.48%, outperforming market averages.
SY Holdings stated that this dividend policy enhancement responds to market expectations by increasing returns to protect investors' legitimate rights and interests. With strong confidence in the Group's strategic development and future growth prospects, SY Holdings will maintain a dynamic balance between business growth and shareholder returns, continuing to share its development achievements with investors.
