The exâdividend announcement will temporarily tighten JianâŻPuâs OTC float. As of the SeptemberâŻ9,âŻ2025 exâdate, all shares that settle on or after that date must be owned before the record date to capture the cash dividend, so investors who wish to stay long will hold the shares through the dividend. Conversely, dividendâcapture traders will buy the stock just before the exâdate and sell right after the record date, creating a shortâterm surge in turnover. Because the company is listed on the OTCâQB market, where daily volume is already modest, this seasonal âbuyâandâsellâ flow can amplify the dailyâaverageâvolume (ADV) spike by 15â30âŻ% in the days surrounding the exâdate, but the underlying float remains unchanged â the total number of shares outstanding is the same.
From a liquidity standpoint, the heightened activity will narrow bidâask spreads for a few trading sessions, offering slightly better execution for both longâterm holders and shortâterm speculators. However, once the dividend window closes, the extra demand evaporates and the market typically reâverts to its baseline depth, with spreads widening again. For traders, the key implication is to anticipate a brief, predictable volume bump and to priceâdiscriminate between the preâexâdate âcaptureâ price (often 0.5â1âŻ% above the prior close) and the postâexâdate âexâpriceâ (roughly the dividend amount lower). Positioning ahead of the exâdateâeither by buying to stay in the stock or by shortâselling the anticipated capture rallyâcan be profitable, but be mindful that the liquidity boost is transitory and that any largeâcap rebalancing or broader market moves will quickly dominate the OTCâQBâs thin order book.