Viomi Technology (VIOT) Issues Special Dividend: What Investors Need to Know
A customer in an offline experience store testing out a new small appliance.
Viomi Technology Co., Ltd (NASDAQ:VIOT) , a prominent provider of home water solutions in China, revealed on July 14 that its board of directors has approved a special dividend of $0.0293 per ordinary share, or $0.0880 per American depositary share (ADS). The total value of this special dividend is expected to be around $6 million.
Mr. Xiaoping Chen, Founder and CEO of Viomi Technology Co., Ltd (NASDAQ:VIOT), shared that after successfully completing a strategic business restructuring in 2024, the company had intensified its focus on home water solutions and moved forward with its 'Global Water' strategy. He noted that the launch of the Kunlun 4 Pro Alkaline Mineral Water Purifier marked a significant step, introducing mildly alkaline mineral water to customers and aiming to shift household standards from purified water to purified mineral water.
Alongside this, Viomi Technology Co., Ltd (NASDAQ:VIOT) had been improving operational efficiency within China while expanding internationally, which contributed to notable progress. He also mentioned that with consistent business growth, the company had managed to turn its operations around, marking an important achievement in its journey.
While we acknowledge the potential of VIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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