Xinyuan Real Estate Co., Ltd. Announces New Land Acquisition in Zhengzhou
The dividend is not going to be dependent on land acquisition. From the Q3 conference call:
Because you're making a good point and I must have miscommunicated. What I said here was I'll read it again. We reiterate the belief that the dividend once initiated should be sustainable over the long term.
It is our intention to continue paying the dividend for years to come. At this time, I preferred method of declaring and remitting dividends is declare an annual dividend right after filing the 20-F. Why? I want the credibility that comes with having a fully audited 20-F backing up my dividend declaration. But the dividend, we’re not making is, we are not looking at is contingent upon land acquisitions. We intend to continue paying the dividend, land acquisitions or not.