China Digital TV Holding Co., Ltd. (STV) , the leading provider of conditional access systems to China’s expanding digital television market, today declared a special cash dividend of US$2.30 per share on the Company’s ordinary shares, par value US$0.0005 per share. Each of the Company’s American depositary shares represents one ordinary share.
Shareholders of record as of the close of business on November 26, 2012 will be eligible to receive the dividend. This cash dividend is currently expected to be paid in two installments of US$1.00 and US$1.30 on or around December 3, 2012 and February 4, 2013, respectively.
STV is trading at $3.24 so the special dividend will yield 71%. China Digital TV has an equity summary score of 8.1 out of 10 for a Bullish outlook.