Odd Lots · Saturday, June 27, 2026
Despite significant investment in AI infrastructure, Lenovo's CFO Winston Chang stated that the company paid its highest dividend ever in the last fiscal year. He emphasized balancing shareholder returns with the need for capital to fuel growth and achieve long-term margin expansion, indicating a strategic approach to capital allocation.
“Yeah, we paid the in the last fiscal year, which just ended March thirty first, we paid the highest dividend ever in the noble history, So our shareholders are very happy. We'd share our success with our shareholders, but we also see a lot of opportunities for growth, and as you have mentioned many times on this discussion, is that there's also a lot of capital needs to feel that growth.”
“So we really need to strike that balance between giving our shareholders the media cash that they would like, but also at the same time they want us to be able to enable the capital appreciation on the stock. Because the underlying fundamental The business is growing, so we need to drive that growth.”
“But overall, the long term trend for Lenovo is a plan to drive growth with accelerated margin expansion.”