Mandarin Oriental has confirmed that it will pay a special dividend of 60 US cents (77 cents) per share from the proceeds of the sale of One Causeway Bay.
On Oct 17, Mandarin Oriental announced that it will sell the top 13 floors of One Causeway Bay in Hong Kong to Alibaba Group and Ant Group for US$925 million. The purchase also includes the building’s rooftop signage and 50 parking spaces.
The sale has since been completed and the proceeds received, says Mandarin Oriental in a Dec 31 filing.
The dividend will be payable on Jan 22, 2026 on the registers of members at the close of business on Jan 9, 2026.
Mandarin Oriental’s shares will be quoted ex-dividend on Jan 8, 2026 and the share registers will be closed from Jan 12 to 15, 2026.
Shares in Mandarin Oriental closed 2 US cents higher or 0.61% up at US$3.31 on Dec 31.
