It’s one thing to give back to shareholders by repurchasing your shares. But it’s quite another to give back in the form of a dividend, which puts money directly into shareholder pockets.

Shareholders expressed their gratitude to discount e-commerce company Vipshop Holdings Ltd. (VIPS.US) for its announcement of a new dividend policy concurrent with its latest earnings announcement last week, even though the payout rate wasn’t too eye-popping. The company’s shares jumped 12.6% after the announcement to a high not seen since June 2021. The jump also put the stock ahead for the year, now up 9% since January – something not very many U.S.-listed Chinese companies can boast.

https://www.prnewswire.com/news-releases/vipshop-reports-unaudited-fourth-quarter-and-full-year-2023-financial-results-302073753.html