KANZHUN LIMITED Sponsored ADR (BZ) to Distribute Annual Dividend of $0.51 on October 14th

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) announced an annual dividend on Tuesday, August 25th. Stockholders of record on Monday, September 28th will be given a dividend of $0.51 per share on Wednesday, October 14th. This represents a dividend yield of 313.0%. The ex-dividend date of this dividend is Monday, September 28th.

KANZHUN has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KANZHUN to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 45.1%.

KANZHUN Trading Down 0.8%

NASDAQ BZ opened at $14.11 on Friday. The stock has a market cap of $5.80 billion, a PE ratio of 9.94, a PEG ratio of 1.52 and a beta of 0.48. KANZHUN has a 12 month low of $12.57 and a 12 month high of $24.65. The company’s 50-day moving average price is $16.04 and its 200-day moving average price is $14.57.

KANZHUN (NASDAQ:BZ) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $353.05 million during the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. As a group, sell-side analysts forecast that KANZHUN will post 1 earnings per share for the current year.

Insider Activity

In other news, CMO Xu Chen sold 400,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $8.50, for a total transaction of $3,400,000.00. Following the transaction, the chief marketing officer directly owned 153,340 shares in the company, valued at approximately $1,303,390. This trade represents a 72.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yang Mu sold 60,704 shares of KANZHUN stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $7.46, for a total transaction of $452,851.84. Following the transaction, the director directly owned 143,356 shares in the company, valued at approximately $1,069,435.76. The trade was a 29.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 16,574,304 shares of company stock worth $121,583,960. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BZ. Parallel Advisors LLC boosted its position in KANZHUN by 5,732.4% during the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after purchasing an additional 2,121 shares in the last quarter. Evergreen Quality Fund GP Ltd. purchased a new stake in shares of KANZHUN during the fourth quarter valued at about $59,000. Fideuram Asset Management Ireland dac bought a new stake in shares of KANZHUN in the 4th quarter valued at about $67,000. Global Retirement Partners LLC boosted its holdings in shares of KANZHUN by 24.0% in the 4th quarter. Global Retirement Partners LLC now owns 6,810 shares of the company’s stock valued at $139,000 after buying an additional 1,318 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of KANZHUN by 159.2% in the 4th quarter. Hantz Financial Services Inc. now owns 8,524 shares of the company’s stock worth $174,000 after buying an additional 5,236 shares during the last quarter. 60.67% of the stock is owned by institutional investors.

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform in China that connects job seekers with employers. The platform is designed to facilitate direct communication between candidates and hiring managers, helping users discover employment opportunities and allowing companies to identify and engage with potential hires.

BOSS Zhipin provides recruitment services through mobile applications and online platforms. Its offerings include job search and application tools for individuals, employer accounts for posting vacancies and sourcing candidates, and technology-supported matching and communication features intended to streamline the hiring process across a range of industries and job categories.

KANZHUN was founded in 2014 and is headquartered in Beijing, China.