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HONG KONG • Huawei, a Chinese company, will reward its employee shareholders with a 3% increase in its cash dividends, according to company sources and Reuters calculations, which should boost staff morale while that he is fighting a project led by the United States his telecom gear.
The payment also seems to indicate earnings growth and sufficient confidence for the company to survive US accusations that its telecommunication network equipment could allow espionage to be spied on by the Chinese government, have said analysts.
Known for its so-called "wolf culture" that demands high levels of dedication from its employees in return for high pay, Huawei Technologies boasts of saying that about 80,000 of its workers possess the near-perfect -total share of the company, a system considered unique for a company of its size.
The cash dividend per share for 2018 is expected to rise from 1.02 yuan to 1.05 yuan (21 cents Singaporean), said six sources of employee shareholders, citing internal notifications released last month.
Total returns per share fell 7 percent to 2.61 yuan, they added. This follows a division of shares. There will also be a stock split of one at 1.56 for 2018, sources said.
"I am satisfied with the number given the macro environment," said one of the sources, who asked not to be identified.
A spokesman for Huawei, the world's largest maker of telecommunications equipment and the second-largest maker of smartphones, said the company did not publicly disclose its dividend policy.
The cash dividend per share for 2018 is expected to rise from 1.02 yuan to 1.05 yuan (21 cents Singaporean), said six sources of employee shareholders, citing internal notifications released last month.
The fallout comes in an unprecedented crisis for Huawei, while Washington calls on governments around the world not to use the equipment of the Chinese firm, especially in 5G networks.
REUTERS
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