China Mengniu Dairy Updates Dividend for 2024
China Mengniu Dairy Company Limited, a prominent player in the dairy industry, has shared an announcement concerning its final cash dividend for the year ending December 31, 2024. The company declared a dividend of RMB 0.509 per share, to be disbursed in Hong Kong dollars at a rate of HKD 0.5564 per share, using an exchange rate of RMB 1 to HKD 1.0931. The ex-dividend date is set for June 16, 2025, and the payment date is scheduled for June 27, 2025. This reflects modifications in the default currency and the exchange rate applicable for the dividend payout, offering clarity for shareholders on financial returns and currency implications.
Notably, the most recent analyst rating for China Mengniu Dairy's stock is designated as 'Buy', with a target price of HK$21.00. For more comprehensive analyst forecasts on the stock, interested parties may refer to the company's Stock Forecast page.
More about China Mengniu Dairy Co
China Mengniu Dairy Company Limited is a substantial entity in the dairy sector, focusing primarily on dairy production and distribution.
