TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd. announced on Friday significant cash dividend distributions for four of its subsidiaries, following board resolutions made on the same day. China Galaxy Enterprises Limited, based in Hong Kong, will distribute a cash dividend totaling USD 421,052,632.22. Best Behaviour Holdings Limited, located in the British Virgin Islands, is set for a payout of USD 1,293,772,165.06.
Additionally, Foxconn (SS:601138) (Far East) Limited, registered in the Cayman Islands, will distribute dividends amounting to USD 884,489,924.10. Another Cayman Islands-based subsidiary, Foxteq Holdings Inc., will pay out USD 51,763,681.47 in dividends. The press release did not specify any other matters related to the dividend distributions.
These distributions reflect the company's financial decisions regarding profit sharing with its shareholders through its subsidiaries. The announcement was made through RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280) as a Primary Information Provider.
Hon Hai Precision Industry Co., Ltd., widely known as Foxconn, is a multinational electronics contract manufacturing company headquartered in Taiwan. It is the largest private employer in Taiwan and one of the largest suppliers of electronics components worldwide.
The distribution of dividends is a common practice among publicly traded companies, serving as a way to return a portion of their earnings to shareholders. The size and frequency of dividend payments can vary based on a company's profitability, cash flow, and board policies.
The information about these dividend distributions is based on a press release statement and reflects the company's current financial activities concerning its shareholders.
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