JE Cleantech Holdings approved a cash dividend of $0.09 per share, payable December 20, 2024, to shareholders.
Quiver AI Summary
JE Cleantech Holdings Limited announced that its Board of Directors has approved a cash dividend of $0.09 per ordinary share, which will be paid to shareholders of record as of December 10, 2024. The expected payment date for this dividend is around December 20, 2024. The company, based in Singapore, specializes in selling cleaning systems and providing centralized dishwashing services. For further information, interested parties can visit their website or contact the company directly.
Potential Positives
- The Board of Directors has approved a cash dividend of US$0.09 per ordinary share, rewarding shareholders and signaling financial stability.
- The dividend payment is scheduled for around December 20, 2024, providing shareholders with a tangible return on their investment.
- The announcement reflects a commitment to shareholder value, which may enhance investor confidence in the company.
- The company's consistent dividend payout could attract new investors seeking income-generating investments.
Potential Negatives
- The announcement of a cash dividend could indicate that the company's revenue and profitability may not be growing as expected, prompting a focus on distributing cash to shareholders instead of reinvesting in the business.
- The dividend may be perceived as a sign that the company lacks viable growth opportunities, which could raise concerns among investors about the company's long-term strategic direction.
- Setting a specific date for payment may create pressure on the company's liquidity if unforeseen financial challenges arise before the payment date.
FAQ
What is the dividend amount declared by JE Cleantech Holdings Limited?
JE Cleantech Holdings Limited declared a cash dividend of US$0.09 per ordinary share.
When is the dividend payable to shareholders?
The dividend is payable on or around December 20, 2024, to shareholders of record on December 10, 2024.
Where is JE Cleantech Holdings Limited located?
JE Cleantech Holdings Limited is based in Singapore.
What services does JE Cleantech Holdings Limited provide?
JE Cleantech Holdings Limited provides cleaning systems, equipment sales, and centralized dishwashing services.
How can I contact JE Cleantech Holdings Limited?
You can contact JE Cleantech Holdings Limited via email at [email protected] or call +65 63684198.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
SINGAPORE, Nov. 29, 2024 (GLOBE NEWSWIRE) -- JE Cleantech Holdings Limited (Nasdaq: JCSE), a precision cleaning and cleantech equipment manufacturer, today announced that its Board of Directors approved a cash dividend of US$0.09 per ordinary share. The dividend is payable to shareholders of record at the close of business on December 10, 2024 (New York Time). The payment date is expected to be on or around December 20, 2024.
About JE Cleantech Holdings Limited
JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. For more information about JE Cleantech, please visit our website: www.jecleantech.sg .
Contact:
Jason Long
Email address:
[email protected]
Phone number: +65 63684198
Other number: +65 66029468
