Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company“), a leading provider of automation and control technologies and applications in China, today announced that the Board of Directors of the Company has declared an annual cash dividend of US$0.32 per ordinary share, par value US$0.001 per share (the “Ordinary Shares“), for the fiscal year ended June 30, 2021 to the holders of the Company’s Ordinary Shares of record at the close of business on April 4, 2022, implying a 20% payout ratio. The dividend will be payable in cash on or about April 25, 2022 to such shareholders.
Dr. Changli Wang, the CEO and director of Hollysys, expressly stated: “We are pleased with Hollysys’ business development over the past few years and its strong financial position enables us to express our appreciation to investors’ support through rewarding them with regular cash dividend which we believe is a prudent use of cash. The 20% payout ratio is determined based on an evaluation of Hollysys’ financial performance of fiscal year 2021 and the Company’s future development strategy. In the future, the Company will continue to evaluate Hollysys’ ongoing financial and operational performance across various business sectors in determining the amount and timing of future dividends to ensure they are strategically aligned to enhance shareholder value.”