Beijing-based Yirendai Ltd. issued guidance for the 2018 first quarter and declared a dividend for the second half ended Dec. 31, 2017.
The company expects total net revenue for the first quarter to come in between 1.53 billion Chinese yuan and 1.57 billion yuan, according to a March 15 Form 6-K. Adjusted EBITDA for the quarter is expected to be in the range of 430 million yuan to 450 million yuan.
Further, the company declared a dividend of 92.98 fen per share, or 1.8596 yuan per American depositary share for the second half of 2017. The dividend is expected to be paid May 15 to shareholders of record as of April 30.
The company approved a semiannual dividend policy in July 2017 and declared a special dividend of 5.0845 yuan per share, or 10.1690 yuan per American depositary share.
As of March 15, US$1 was equivalent to 6.32 Chinese yuan.
