According to a local media China Business News report, Chinese telecoms giant Huawei Technologies Co will pay a reduced cash dividend to employee shareholders for 2021. Huawei hasn't made its dividend strategy public, but the paper wrote that its 1.58 yuan (US$0.25) dividend per share for 2021 was nearly 15% lower than the 1.86 yuan (US$0.29) dividend per share declared in 2020, reflecting the company's financial difficulties. According to LTN, Huawei's internal documents show that it still allocated more than 50 billion yuan, roughly US$7,85 billion, in dividends last year. Therefore, of about 120,000 people participating in the employee stock ownership plan, each person received an average of nearly 400,000 yuan or about US$62,800 in 2021.
uncensored
Huawei cuts dividends for staff as revenue falls due to US sanctions
2022-02-10 15:20