Soufun Holdings Announces a 7.5% Cash Dividend

SouFun Holdings Limited (NYSE: SFUN), the leading real estate and home furnishing Internet portal in China, today announced that its board declared a cash dividend of US $1.00 per share on the Company’s ordinary shares, which will be paid by September 28, 2012 to shareholders of record as of the close of business on September 6, 2012. Based on the current stock price, the special dividend will be a 7.5% dividend yield.

SouFun reported Q2 EPS of $0.48, topping the analyst estimate of $0.41.  Revenue for the quarter came in at $97 million, topping the $91.62 million analysts had forecast.  Net income attributable to shareholders recorded a year-over-year increase of 63.5% to US$46.9 million, or US$0.58 per fully diluted share.  SouFun raised its revenue guidance for fiscal year of 2012 from between US$380.0 million and US$400.0 million to betweenUS$390.0 million and US$410.0 million, representing a year-on-year increase of 13.4% to 19.2%.