LexinFintech Holdings Ltd. Approves A Dividend for the Six-Month Period Ended June 30, 2023, Payable on October 17, 2023; Approves A Semi-Annual Cash Dividend Policy
On August 22, 2023, the Company's board of directors approved a semi-annual cash dividend policy. Under the policy, the Company will declare and distribute a recurring cash dividend semi-annually, starting from the second fiscal quarter of 2023, at an amount equivalent to approximately 15% to 30% of the Company's net profit in the previous six-month period, or as otherwise authorized by the Board. The determination to make dividend distributions and the exact amount of such distributions in any particular semi-annual period will be based upon the Company?s operations and financial conditions, and other relevant factors, and subject to adjustment and determination by the Board.