TOUR
Cash in hand
Tuniu is sending a cash dividend of US$1.197 per ADS to holders of record on May 4. The company says that payout is part of a roughly US$13 million dividend it previously declared on March 20, so this isn’t a brand-new surprise so much as a fresh reminder that the money’s real and the calendar is now doing the heavy lifting.
Why the ratio change matters
Here’s the slightly nerdy wrinkle: Tuniu also changed its ADS ratio from 1 ADS representing 3 Class A shares to 1 ADS representing 30 Class A shares, effective April 22. That kind of change can make the per-ADS math look a little funky, like when your favorite pizza place suddenly starts slicing the pie differently and the total pizza is still the same size.
What investors should watch
For income-minded investors, dividends are the classic “show me the cash” move. They can signal confidence, a cleaner capital return story, or just a company with surplus funds it doesn’t want sitting around collecting dust.
For TOUR holders, the bigger question is whether this is a one-off sweetener or part of a broader, repeatable capital return strategy. Either way, the market now has a concrete payout to price in, not just vibes.
Big picture: Tuniu is putting actual cash in shareholder pockets, and in markets that can feel like a perpetual group chat full of rumors, that’s refreshingly straightforward.