Noah Holdings Limited Announces Results of Annual General Meeting and Payment of Final Dividend and Special Dividend

Noah Holdings (NOAH) announced the passing of all proposed resolutions at its annual general meeting and the distribution of a final dividend and a special dividend, each totaling RMB275.0 million (approximately US$38.3 million), to shareholders of record on July 3, 2025; this equates to RMB0.831 (approximately US$0.116 or HK$0.909) per share for each dividend and reflects the company's commitment to returning capital to investors.

Analysis

Noah Holdings Limited (NYSE: NOAH, HKEX: 6686) confirmed the passage of all proposed resolutions at its annual general meeting on June 12, 2025, and announced significant shareholder returns through both a final and a special dividend. The company will distribute a final dividend of RMB275.0 million (approximately US$38.3 million) for the year ended December 31, 2024, and an additional special dividend of RMB275.0 million. This brings the total distribution to RMB550.0 million (approximately US$76.6 million). Each dividend amounts to RMB0.831 per ordinary share (approximately US$0.116 or HK$0.909), making the total payout RMB1.662 per ordinary share, payable to shareholders on record as of July 3, 2025. This substantial capital return is supported by recent operational figures; in Q1 2025, Noah distributed RMB16.1 billion (US$2.2 billion) of investment products and, as of March 31, 2025, reported assets under management of RMB149.3 billion (US$20.6 billion) and 463,161 registered clients. The announcement has generated a "moderately positive" sentiment (overall score 0.6, ticker-specific NOAH sentiment 0.8), reflecting a favorable market interpretation of the company's commitment to shareholder returns and its operational scale in serving high-net-worth Chinese investors.

Key Decisions for Investors

• The dual dividend declaration, comprising a final and a special payout, signals robust financial health and a strong commitment to returning value to shareholders, enhancing the stock's attractiveness, particularly for income-focused investors.
• Investors should take note of the July 3, 2025, dividend record date to ensure eligibility for the combined RMB1.662 per ordinary share distribution (tax inclusive).
• Holders of American Depositary Shares (ADSs), where one ADS represents five ordinary shares, should anticipate a dividend five times the per-ordinary-share amount, and all international investors should be mindful that the final U.S. dollar and Hong Kong dollar dividend equivalents are subject to exchange rate adjustments confirmed after the record date.