Yantai Jereh boosts shareholder returns, eyes further growth

Yantai Jereh Oilfield Services Group (SZSE:002353) has announced a proposed 2024 cash dividend of CNY 0.69 per 10 shares, totaling CNY 706,456,277.13, alongside a commitment to continue its shareholder return policy and pursue strategic growth initiatives. The decision, pending shareholder approval at the Annual General Meeting on May 7, also outlines a plan for interim cash dividends in 2025. This represents a total cash return of CNY 1,010,587,721.81, including previous share repurchases and interim dividends, and signals confidence in the company’s financial health and future prospects.