EDA Group (HKG:2505) said its board has approved and adopted a dividend policy effective Monday, according to a same-day Hong Kong bourse filing.

Shares of the supply chain firm were up nearly 3% in Tuesday morning trade.

Under the framework, the board will consider factors such as earnings, cash flow, capital expenditure, and future development plans when determining payouts.

The company said there is no guarantee of dividends for any given period or at a specific payout ratio.