Yi Zong's questions to Futu Holdings Ltd (FUTU) leadership • Q4 2024
Question
Yi Zong from Jefferies questioned the reasons for the decline in the blended trading commission rate in Q4. She also asked about the status of the $500 million share buyback program and whether the company is considering a regular dividend.
Answer
Chief Financial Officer Arthur Chen explained the commission rate decline was due to a product mix shift towards high-nominal-value U.S. stocks and options. Regarding capital return, he stated the share repurchase program has not yet been utilized as capital is being prioritized for growth. However, the company will re-evaluate its dividend policy after the full-year 2025 results are complete to reward long-term shareholders.