Seres Group (SHA:601127) plans to distribute cash dividends totaling 499.7 million yuan for the first three quarters of the year, according to a Shanghai Stock Exchange disclosure on Thursday.
Under the plan, a cash dividend of 3.31 yuan for every 10 shares will be paid to shareholders.
The dividend, which is subject to shareholders' approval, accounted for 12% of the Chinese automobile maker's net profit for the period, the disclosure said.
The company's shares dropped less than 7% in recent trade.
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