Stock Track | Brilliance China Automotive Soars 8.57% on Revised Dividend Policy

Stock Track12-18

Brilliance China Automotive Holdings Ltd (1114.HK) witnessed a significant surge of 8.57% in its stock price on Wednesday's intraday trading session. This upward movement can be attributed to the company's announcement of a revised dividend policy.

According to the news, Brilliance China's board approved and adopted a revised dividend policy, targeting to distribute no less than 50% of its after-tax profits for the relevant financial year. This decision demonstrates the company's commitment to enhancing shareholder returns and has likely boosted investor confidence, driving the stock's upward trajectory.

The revised dividend policy is seen as a positive development for Brilliance China, signaling a shift towards a more shareholder-friendly approach. By committing to a higher payout ratio, the company aims to provide investors with a consistent stream of dividends and potentially attract more interest from income-oriented investors.

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