Boston, MA 06/18/2014 (wallstreetpr) – Kingold Jewelry Inc (NASDAQ:KGJI) on June 17, 2014 announced that the company’s Board of Directors gave approval to the special cash dividend of $0.08 per share of Kingold Jewelry’s common stock. The company expects that the amount of approximately US$5.3 million will be involved in cash distribution of the dividend. The due date of distribution of this dividend will be on July 31, 2-14 or nearby. The stockholders on record as of June 30, 2014 will receive this dividend amount in cash.
Dividend Distribution is a result of past success: Chairman and CEO
The Chairman and CEO of Kingold Jewelry Inc (NASDAQ:KGJI) said that he was proud of his company’s financial performance in the year 2013. He added that so far, in the year 2014, the company has performed financially well too and therefore the dividend was a way of rewarding the stockholders for the support that they have offered to the strong performance of the company. He further added that the dividend was declared to reward the stockholders of past success as well as boosting them up for future support to the company.
High standard of corporate governance to be maintained
It is important to note that Kingold Jewelry Inc (NASDAQ:KGJI) has a changed and renewed commitment and strategy of meeting higher standards of the corporate governance. In this context, the Chairman and CEO said that the management of the company will ensure that the investors continue to show the confidence in financial as well as operating reports and results of Kingold Jewelry.
Calling the distribution of dividend, “a tangible action,” he said that Kingold was committed towards expansion of visibility of the company to not just the present stockholders but also the potential ones in the future. The aim of the company is to target the stockholders in the U.S. and Asia.
