Next Technology (NXTT) said Monday its board approved a dividend policy requiring annual payouts of at least 80% of profits attributable to owners from Sept. 8.

Dividends will remain subject to quarterly assessments of liquidity, cash flow, capital allocation requirements, regulatory constraints and overall financial health, the company said.

Shares of Next Technology Holding were down 2.3% in recent early trading.

Price: 1.66, Change: -0.09, Percent Change: -4.89