Chow Tai Fook Rises After Company Declares Surprise Dividend

  • Special dividend of 42 H.K. cents first since IPO in 2011
  • Chairman says jeweler to shut stores that don't perform well

Pedestrians walk past a Chow Tai Fook jewelry store in Causeway Bay, Hong Kong.

Photographer: Xaume Olleros/Bloomberg

Chow Tai Fook Jewellery Group Ltd. gained the most in close to two years after the world’s largest publicly traded jewelry chain declared a special dividend even as it posted the steepest decline in semi-annual profit since listing.

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