Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it plans to release its third quarter 2022 financial results after the market closes on Tuesday, November 29, 2022. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com/.
Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that November 25, 2022 (Eastern Time) has been set by the NYSE as the ex-dividend date for the special cash dividend announced on October 11, 2022 according to due bill process. As previously announced, a special cash dividend of US$0.5 per ordinary share (or US$1 per American depositary share) on Cango's outstanding shares will be paid on November 23, 2022 (Eastern Tim
Shares of Cango (NYSE: CANG) were up 10.6% as of 1:22 p.m. ET on Wednesday after the Chinese automotive transaction service platform operator declared a special dividend to shareholders on Tuesday. The dividend was set at $0.50 per ordinary share, or $1 per American depositary share, and will be paid on Nov. 23 to investors who owned shares as of Oct. 24. The special dividend represents a high yield of 40% on the current stock price and explains why investors were rushing to buy the stock.