What is the historical dividend yield for Jianpu Technology and how does this special dividend alter that metric?
Answer
1.âŻWhat the news tells us (and what it doesâŻnot)
- Special cash dividend announced:âŻUSâŻ$0.0995 per ordinary share (equivalentlyâŻUSâŻ$1.99 perâŻ20âŻshares).
- Company:âŻJianpu Technology Inc. (OTCQB:âŻAIJTY).
- No historical dividend data in the release:âŻThe PRânewswire article does not list any past regular dividend amounts, the companyâs prior dividendâpaying history, or the current market price of AIJTY shares. Consequently, the âhistorical dividend yieldâ cannot be extracted directly from this news item.
2.âŻHow dividend yield is normally calculated
[
\text{Dividend Yield} = \frac{\text{Annual dividend per share}}{\text{Current share price}} \times 100\%
]
- Annual dividend per shareâŻ= sum of all cash dividends paid (or declared) over the most recent 12âmonth period.
- Current share priceâŻ= the market price of the stock at the time of the calculation (e.g., the closing price on the day you compute the yield).
3.âŻHistorical dividend yield for Jianpu Technology (AIJTY)
Because the press release does not provide:
Item | Value |
---|---|
Previous regular dividend(s) | Not disclosed in the news |
Share price at the time of the announcement | Not disclosed in the news |
Resulting historical dividend yield | Cannot be determined from the information given |
To obtain the historical dividend yield you would need one of the following data sources:
- Jianpuâs prior dividend announcements (e.g., regular quarterly or annual cash dividends reported on the companyâs investorârelations site or SEC filings).
- Historical shareâprice data for AIJTY (e.g., closing price on the date of the last dividend payment).
If you can retrieve those two pieces of information, you can plug them into the formula above to compute the historical yield.
4.âŻEffect of the special dividend on the dividendâyield metric
A special (or âextraordinaryâ) dividend is a oneâoff cash distribution that is not part of the companyâs regular dividend policy. Its impact on dividend yield depends on how you treat it in the calculation:
Approach | How the special dividend is handled | Resulting yield |
---|---|---|
Standard practice (most analysts & data providers) | Exclude the special dividend from the âregular dividendâ series. The yield shown on most financial platforms (e.g., Bloomberg, Yahoo! Finance) will remain unchanged because the special dividend is reported separately as a âoneâtime payout.â | No change to the quoted dividend yield; the special dividend is shown as a distinct cash amount. |
Adjustedâyield method (useful for a shortâterm snapshot) | Add the special dividend to the annual dividend amount for the 12âmonth window that includes the payout. | Temporary increase in the calculated yield for that specific period. The magnitude of the increase can be estimated as follows: |
4.1âŻIllustrative calculation (requires an assumed share price)
If we assume a hypothetical market price for AIJTY at the time of the announcement (e.g., USâŻ$12.00 per share), the extra dividend would raise the âannual dividend per shareâ by $0.0995.
Component | Value |
---|---|
Regular annual dividend (hypothetical) | $0.30 per share (example) |
Special dividend | $0.0995 per share |
Total dividend for the 12âmonth window | $0.30âŻ+âŻ$0.0995âŻ=âŻ$0.3995 per share |
Dividend yield (adjusted) | (\frac{0.3995}{12.00}\times100\% = 3.33\%) |
Yield before special dividend | (\frac{0.30}{12.00}\times100\% = 2.50\%) |
Yield uplift | 0.83âŻpercentageâpoints (â33âŻ% increase over the regular yield) |
Key takeâaways from the illustration:
- The absolute increase in yield equals the special dividend divided by the share price.
- The percentageâpoint uplift is larger when the share price is low; conversely, a high share price dilutes the impact.
- Because the special dividend is a oneâoff event, the longâterm dividend yield (i.e., the yield that will be quoted in future periods once the special payout is no longer in the 12âmonth window) will revert to the regular yield once the extra cash is excluded.
5.âŻPractical implications for investors
Situation | What investors should consider |
---|---|
Shortâterm cashâflow focus | The $0.0995 per share will be received on the recordâdate, boosting cash returns for the period. |
Yieldâbased valuation models (e.g., Gordon growth model) | Exclude the special dividend from the âdividend growthâ component; treat it as a separate cash inflow. Using the special dividend in the model would overâstate the sustainable yield. |
Dividendâyield screens (e.g., looking for âhighâyieldâ stocks) | Most screening tools will ignore the special dividend, so AIJTYâs ranking will not be artificially inflated. |
Tax considerations | Special cash dividends are generally taxed the same way as regular dividends in the UnitedâŻStates (ordinary income), so the tax impact is identical to any other cash dividend. |
6.âŻSummary answer to the original question
- Historical dividend yield: The press release does not provide the historical dividend yield for Jianpu Technology (AIJTY). You would need to locate the companyâs prior regular dividend amounts and the corresponding share price to compute it.
- Effect of the special dividend:
- In most market data sources, the special dividend is reported separately and does not change the quoted dividend yield; the metric continues to reflect only the regular, recurring dividend.
- If you calculate a 12âmonth yield that includes the special payout, the yield will be temporarily higher by an amount equal to $0.0995 divided by the current share price (e.g., a $0.0995 payout on a $12âshare price adds roughly 0.83âŻpercentageâpoints to a 2.5âŻ% regular yield).
- Because the special dividend is a oneâoff distribution, the longâterm dividend yield will revert to the historical (regular) level once the special payout is excluded from the 12âmonth dividend sum.
- In most market data sources, the special dividend is reported separately and does not change the quoted dividend yield; the metric continues to reflect only the regular, recurring dividend.
7.âŻNext steps for a precise answer
- Retrieve Jianpuâs past dividend history (e.g., from SEC FormâŻ10âK, FormâŻ10âQ, or the âDividendsâ section on the companyâs investorârelations website).
- Obtain the current market price of AIJTY (e.g., the closing price on 7âŻAugâŻ2025).
- Plug those numbers into the dividendâyield formula to get the exact historical yield.
- If you wish to see the shortâterm impact of the special dividend, add $0.0995 to the annual dividend amount and recompute the yield using the same share price.
Bottom line: The news release tells us the size of the special cash dividend but does not disclose Jianpuâs historical dividend yield. The special dividend will momentarily raise the 12âmonth dividendâyield calculation if you include it, but it does not alter the ongoing, recurring dividendâyield metric that analysts and data providers normally quote. To obtain a concrete historical yield figure, youâll need to source past regular dividend amounts and the relevant share price from external financial records.