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FIH Mobile's First Dividend Since IPO
Xiaomi IPO is expected to be the hottest in 2015. And nothing warms the wallets of Wall Street like the idea of getting in on a juggernaut like Xiaomi.FIH Mobile, a major Xiaomi supplier, reported record second-half earnings and announced in public its first dividend payout since the it went public in 2005.
They are enthusiastic and said they would pay a cash dividend of 0.54 U.S. cent per share and a special dividend of 1.93 U.S. cent per share. Combined, this is equivalent to a very handsome 5.3% yield.
The move is appreciated throughout as it will help FIH to improve its capital structure.
Note: Shares of FIH Mobile jumped 9.4% yesterday morning.