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CLPS Incorporation Declares Special Cash Dividend of $0.13 Per Share for Third Consecutive Fiscal Years

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CLPS Incorporation (Nasdaq: CLPS) has announced a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such payment. The dividend, totaling approximately $3.6 million, will be payable on November 12, 2024, to shareholders of record as of November 4, 2024. CEO Raymond Lin emphasized that this decision reflects confidence in the company's future while maintaining focus on core business, pursuing growth opportunities in emerging sectors, and strengthening international presence. Future dividend declarations will be based on various factors including financial position, operations, and market conditions.

CLPS Incorporation (Nasdaq: CLPS) ha annunciato un dividendo speciale in contante di $0.13 per azione di azioni ordinarie, segnando il terzo anno fiscale consecutivo di tali pagamenti. Il dividendo, che ammonta a circa $3,6 milioni, sar脿 pagabile il 12 novembre 2024, agli azionisti registrati il 4 novembre 2024. Il CEO Raymond Lin ha sottolineato che questa decisione riflette fiducia nel futuro dell'azienda, mantenendo al contempo l'attenzione sul core business, perseguendo opportunit脿 di crescita nei settori emergenti e rafforzando la presenza internazionale. Le future dichiarazioni di dividendi si baseranno su vari fattori, inclusa la posizione finanziaria, le operazioni e le condizioni di mercato.

CLPS Incorporation (Nasdaq: CLPS) ha anunciado un dividendo especial en efectivo de $0.13 por acci贸n de acciones ordinarias, marcando el tercer a帽o fiscal consecutivo de este pago. El dividendo, que totaliza aproximadamente $3.6 millones, se pagar谩 el 12 de noviembre de 2024, a los accionistas que est茅n registrados al 4 de noviembre de 2024. El CEO Raymond Lin destac贸 que esta decisi贸n refleja confianza en el futuro de la empresa, mientras se mantiene el enfoque en el negocio principal, se buscan oportunidades de crecimiento en sectores emergentes y se fortalece la presencia internacional. Las futuras declaraciones de dividendos se basar谩n en varios factores, incluidas la posici贸n financiera, las operaciones y las condiciones del mercado.

CLPS 氩曥澑 (Nasdaq: CLPS)鞚 氤错喌欤 1欤茧嫻 $0.13鞚 韸闺硠 順勱笀 氚半嫻旮鞚 氚滍憸頄堨溂氅, 鞚措姅 3雲 鞐办啀 歆旮夒悩電 氚半嫻旮堨瀰雼堧嫟. 齑 氚半嫻旮堨潃 鞎 360毵 雼煬鞐 雼晿氅, 2024雲 11鞗 12鞚检棎 2024雲 11鞗 4鞚 旮办 欤检<鞐愱矊 歆旮夒惄雼堧嫟. CEO 霠堨澊氇摐 毽办潃 鞚 瓴办爼鞚 須岇偓鞚 氙鸽灅鞐 雽頃 鞁犽毳 氚橃榿頃橁碃 鞛堨溂氅, 頃奠嫭 靷梾鞐 歆戩頃橁碃, 鞁犿潵 攵氍胳棎靹 靹膘灔 旮绊殞毳 於旉惮頃橂┌, 甑牅鞝 臁挫灛臧愳潉 臧曧檾頃橂姅 瓴冹澊霛缄碃 臧曥“頄堨姷雼堧嫟. 頄ロ泟 氚半嫻旮 氚滍憸電 鞛 靸來儨, 鞖挫榿 氚 鞁滌灔 臁瓣贝鞚 韽暔頃 鞐煬 鞖旍澑鞚 旮半皹鞙茧 頃 瓴冹瀰雼堧嫟.

CLPS Incorporation (Nasdaq: CLPS) a annonc茅 un dividende sp茅cial en esp猫ces de 0,13 $ par action ordinaire, marquant la troisi猫me ann茅e fiscale cons茅cutive de tels paiements. Le dividende, d'un montant total d'environ 3,6 millions de dollars, sera payable le 12 novembre 2024 aux actionnaires inscrits au 4 novembre 2024. Le PDG Raymond Lin a soulign茅 que cette d茅cision refl猫te la confiance dans l'avenir de l'entreprise, tout en maintenant l'accent sur les activit茅s principales, en recherchant des opportunit茅s de croissance dans des secteurs 茅mergents et en renfor莽ant la pr茅sence internationale. Les futures d茅clarations de dividende seront bas茅es sur divers facteurs, y compris la position financi猫re, les op茅rations et les conditions du march茅.

CLPS Incorporation (Nasdaq: CLPS) hat eine sonstige Baraussch眉ttung von $0,13 pro Aktie der Stammaktien angek眉ndigt, was das dritte aufeinanderfolgende Gesch盲ftsjahr dieser Zahlungen markiert. Die Dividende, die insgesamt etwa $3,6 Millionen betr盲gt, wird am 12. November 2024 an die Aktion盲re ausgezahlt, die am 4. November 2024 registriert sind. CEO Raymond Lin hob hervor, dass diese Entscheidung Vertrauen in die Zukunft des Unternehmens widerspiegelt, w盲hrend der Fokus auf dem Kerngesch盲ft beibehalten, Wachstumschancen in aufstrebenden Sektoren verfolgt und die internationale Pr盲senz gest盲rkt wird. Zuk眉nftige Dividendenbekanntgaben werden auf verschiedenen Faktoren basieren, einschlie脽lich der finanziellen Lage, der Betriebe und der Marktbedingungen.

Positive
  • Declared special cash dividend of $0.13 per share
  • Third consecutive year of dividend payment
  • Total dividend payout of $3.6 million
  • Company maintains strong cash position enabling dividend distribution
Negative
  • None.

Insights

The special cash dividend of $0.13 per share represents a significant payout ratio considering CLPS's market cap of $39.1 million. The total distribution of $3.6 million equals approximately 9.2% of the company's market value, which is notably higher than industry averages. This marks the third consecutive year of special dividends, establishing a pattern of shareholder returns.

The company's ability to maintain consistent dividend payments while pursuing M&A opportunities suggests strong cash flow generation and healthy balance sheet management. However, investors should note that special dividends, unlike regular dividends, don't typically signal long-term distribution commitments. The dividend yield appears attractive, but sustainability will depend on continued operational performance and market conditions.

HONG KONG, Oct. 24, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its Board of Directors has declared a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such a payment. It is payable on November 12, 2024 to shareholders of record as of November 4, 2024. The aggregate amount of the payment to be made in connection with this special cash dividend will be approximately $3.6 million.

Mr. Raymond Lin, Chief Executive Officer of CLPS, commented, "In light of our recent stock performance, the Board of Directors has decided to declare another round of special cash dividend for our shareholders. This decision underscores our ongoing commitment to delivering value to our investors and reflects our confidence in the Company's future. While we stay focused on our core business, we are actively pursuing new growth opportunities, such as expanding into emerging sectors and strengthening our international presence to ensure we remain competitive in the rapidly evolving market. We are confident that this dividend payout will not hinder our operational capabilities, including our pursuit of potential M&A as well as business expansion initiatives."

The details of any future cash dividend declaration, including the amount of such dividend, the timing, and establishment of the record and payment dates, will be determined by the Board of Directors. The decision of whether to pay future cash dividends and the amount of any such dividends will be based on the Company's financial position, results of operations, cash flows, capital requirements, business conditions, the requirements of applicable law, and any other factors the Board of Directors may deem relevant.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation is a leading global information technology ("IT") consulting and solutions service provider, primarily focused on serving global institutions in the banking, wealth management, e-commerce, and automotive sectors. As an IT services provider for a growing network of clients within the fintech and financial services industry, CLPS has expanded its business beyond core IT services, venturing into the loan, e-commerce, academic education, and tourism sectors. Through its diversified offerings, CLPS is committed to providing comprehensive services and solutions for its clients. The Company maintains 20 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 10 global centers are located in Hong Kong SAR, USA, Japan, Singapore, Australia, Malaysia, India, Philippines, Canada, and UAE. For further information regarding the Company, please visit:聽,听or follow CLPS on聽, ,听, , and .

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at . We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
贰尘补颈濒:听ir@clpsglobal.com

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SOURCE CLPS

FAQ

What is the amount of CLPS special cash dividend for 2024?

CLPS announced a special cash dividend of $0.13 per share for 2024.

When will CLPS pay its 2024 special dividend?

CLPS will pay the special dividend on November 12, 2024, to shareholders of record as of November 4, 2024.

How much is CLPS total dividend payout for 2024?

The aggregate amount of CLPS special dividend payment will be approximately $3.6 million.

How many consecutive years has CLPS paid special dividends?

CLPS has paid special cash dividends for three consecutive fiscal years.

CLPS Incorporation

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30.76M
11.87M
57.35%
0.1%
0.05%
Information Technology Services
Technology
United States of America
Kwun Tong