Full Truck Alliance Commits to Returning Significant Capital Through Dividends and Share Repurchases

Full Truck Alliance Co. Ltd. (YMM), a leading digital logistics platform, has unveiled an ambitious capital allocation strategy designed to reward shareholders over the long term. The company's Board has authorized a comprehensive plan to distribute half of its annual adjusted net income through either dividends or buyback programs on a recurring basis.

As the initial phase of this initiative, the company intends to return approximately $400 million to shareholders during fiscal 2026. The distribution will be structured strategically, with a minimum of $300 million channeled through quarterly dividend payments to provide consistent income for investors. The remaining funds will be utilized for share repurchases, which can help enhance shareholder value by reducing the share count and increasing earnings per share metrics.

This shareholder-focused approach reflects management's confidence in the company's operational efficiency and cash generation capabilities. By committing to distribute 50% of adjusted profits annually, Full Truck Alliance demonstrates a balanced approach between rewarding current shareholders and maintaining sufficient capital reserves for growth initiatives and operational needs. The policy ensures that investors benefit directly from the company's profitability while maintaining financial flexibility for strategic investments in the digital freight sector.

The dividend and buyback framework represents a meaningful shift toward returning capital consistently to shareholders, marking a significant milestone in the company's investor relations strategy.