On August 26th, in a market update, CITIC Bank (Stock Code: 00998) announced its 2026 interim profit distribution proposal, outlining a plan to distribute cash dividends of 2.03 yuan per ten shares before tax.
The bank, also known as China Citic Bank Corporation Limited (Stock Code: 601998) in the mainland market, confirmed the dividend proposal in its official announcement. This move represents a direct return to shareholders following the bank's first-half performance for the 2026 fiscal year.
Under the proposed scheme, shareholders will receive 2.03 yuan in cash for every ten shares they hold. The dividend is declared on a per-ten-share basis, which is a standard practice among Chinese financial institutions for simplifying the calculation for investors holding large volumes of stock.
The announcement comes as part of the bank's ongoing commitment to providing consistent shareholder value, aligning with its broader capital management strategy. The distribution plan is subject to shareholder approval at the upcoming annual general meeting, after which the record date and payment schedule will be finalized.
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