- Jardine Cycle & Carriage recently proposed a special dividend of about US$ 0.73 per share, combining a cash payout with an in specie distribution of its remaining Toyota Motor Corp stake.
- The uncommon in specie route allows the company to simplify its corporate structure, consolidate smaller holdings under parent company Jardine Matheson, and provide shareholders with direct equity exposure or cash options.
- This strategic move aims to improve shareholder returns and sharpen capital allocation, while parent company Jardine Matheson plans to retain its received Toyota shares to preserve commercial alignment.