Summary by Moomoo AI
New Oriental Education & Technology Group Inc. (New Oriental), trading under the ticker EDU, has declared a Special Cash Dividend of $0.58 per American Depositary Share, with a gross dividend of $0.60 and a depository fee of $0.02. The record date for the dividend is set for September 9, 2024, with the distribution payable on September 23, 2024. Additionally, the ex-distribution date is also September 9, 2024. In light of this dividend, there will be an adjustment to the contract terms for options trading. Effective from the record date, strike prices will be reduced by the amount of the dividend, $0.58. For example, a strike price of $12.50 will be adjusted to $11.92. The option symbol will remain as EDU, and each contract will represent 100 shares of New Oriental. The adjustments are in accordance with the Options Clearing Corporation's (OCC) By-Laws.
