USD  Million Dividend(3) Shares
Repurchase Amount(4)
Total Value Returned to Shareholders 
Record Date Payment Date Per ADS (USD)  Total Amount
FY2018  Apr 5, 2019 Apr 26, 2019 0.190 58.4 67.3 125.7
FY2019 Apr 7, 2020 Apr 30, 2020 0.120 36.7 6.7 43.4
FY2020 Apr 7, 2021 Apr 30, 2021 0.170 47.8 55.0 102.8
FY2021 Apr 13, 2022 May 6, 2022 0.205 59.0 2.5 61.5
FY2022 Apr 13, 2023 May 5, 2023 0.215 60.8 50.8 111.6
   FY2023(1)     N/A N/A 65.9 65.9
Cumulative Amount Since IPO(2)     0.9 262.7 248.2 510.9

 

(1) Figures as of September 30, 2023.

(2) Company completed initial public offering with total net proceeds of approximately USD 252 million in November 2017.

(3) The company has distributed annual dividends from fiscal year of 2018 to 2022. The Company’s average dividend payout ratio was approximately 15% of the Company’s net income in the same period.

In addition, in March 2022, our board of directors approved an annual cash dividend policy, pursuant to which we will declare and distribute a recurring cash dividend at an amount of no less than 10% of our net income after tax in the previous fiscal year in the future. Our board of directors has discretion on whether to distribute dividends, subject to certain restrictions under Cayman Islands law.

(4) FinVolution Group initiated its first share repurchase program in 2018 and has continuously returned value to its shareholders ever since. As of September 30, 2023, the Company has cumulatively deployed US$248.2 million to repurchase its shares from the secondary market