How does the special cash dividend compare to the company's regular dividend policy and historical payouts?

The special cash dividend announced by Jianpu Technology (OTCQB: AIJTY) is a one‑time distribution that sits outside the company’s standard payout framework. Jianpu has historically operated with a “no‑regular‑dividend” policy—its quarterly reports have shown either a nil or a token cash dividend, reflecting the typical growth‑oriented financing of Chinese fintech firms listed on the OTC market. The new special dividend therefore represents a markedly larger, ad‑hoc cash return to shareholders, likely financed by a recent surge in cash flow or a strategic balance‑sheet cleanup rather than a shift toward a sustainable dividend stream.

From a trading perspective, the ex‑dividend date of September 9 2025 will usually trigger a price adjustment roughly equal to the per‑share dividend amount, creating short‑term downward pressure. Traders seeking yield can consider entering a position before the ex‑date to lock in the cash payout, but must be prepared for the “cash‑drag” on the share price and the possibility that the dividend is not repeatable. In the absence of a new regular dividend policy, the special payout should be viewed as a one‑off catalyst rather than a signal of ongoing income; therefore, any longer‑term bullish case should still be anchored on the company’s fundamentals (revenues, user‑growth metrics, and regulatory environment) rather than dividend expectations. Monitoring volume spikes and post‑ex‑date price stabilization will help gauge whether the market is pricing the dividend correctly or over‑reacting, providing a potential entry or exit point for short‑term strategies.