Summary by Moomoo AI
New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has declared a special cash dividend. The announcement, made on August 19, 2024, stated that the board of directors approved a dividend of US$0.06 per common share and US$0.6 per American Depositary Share (ADS). Shareholders on record by the close of business on September 9, 2024, will be eligible for the dividend, which totals approximately US$100 million. The payment dates are set for on or around September 23, 2024, for common shares and September 26, 2024, for ADS holders. The dividend for ADS holders will be processed through the depositary bank and is subject to the terms of the deposit agreement. New Oriental, listed on both the New York Stock Exchange (NYSE: EDU) and the Stock Exchange of Hong Kong (SEHK: 9901), offers a variety of educational programs, services, and products across China.