China MediaExpress (CCME) Commences New Semi-Annual Dividend Policy
China MediaExpress Holdings, Inc. (Nasdaq: CCME) announced that they are commencing a new dividend policy.
From the release:
"Pursuant to the policy adopted by the Board, commencing with the six month period ending December 31, 2010, a semi-annual cash dividend of 5% to 10% of CME’s net profit will be paid upon receipt of the related financial statements by the Board. The Company’s Board of Directors will decide the exact payable amount at the corresponding board meetings in light of CME’s cash flows, expected liquidity needs and future corporate strategies."... Read more
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Source: Yahoo Finance. Stock prices and dividends can be delayed, cached or incomplete.