Circle CFO: No Plans to Introduce Quarterly Dividends for Now

Odaily News, Circle CFO Jeremy Fox-Geen responded to a question about "whether there are plans to introduce quarterly dividends in the near term" during tonight's earnings call, saying: "No, we don't have such a plan. Allow me to provide some context. As the world transitions from traditional systems to a new type of internet-based financial services built on blockchain technology, we are facing a tremendous opportunity to become a leading internet platform company. As we have consistently emphasized, we want to maintain a strong balance sheet to ensure that we can continue to invest in this opportunity regardless of market cycles, while also positioning ourselves to seize major opportunities when they arise. Therefore, we firmly believe that maintaining a robust balance sheet is the right approach, and we believe that investing capital into the platform will deliver higher returns to shareholders than paying quarterly dividends."

Jeremy Fox-Geen added: "At our core, we are a growth stock with extremely high future market growth potential, rather than a capital-return stock that buys back shares or pays dividends to shareholders at this stage."