China Distance Education declares annual special cash dividend
The Company announced that its Board of Directors has approved and declared a special cash dividend of $0.1125 per ordinary share on its outstanding shares to shareholders of record as of the close of trading on January 6, 2017. Holders of American Depositary Shares, each representing four ordinary shares of CDEL, are accordingly entitled to a cash dividend of $0.45 per ADS. The depository, Deutsche Bank Trust Company Americas, will charge a fee of $0.02 per ADS when the dividends are distributed on or about January 13, 2017. Subject to the Company's ongoing financial performance, cash position, budget and business plan and market conditions, the Company's Board of Directors will, on a yearly basis, consider paying a dividend.