Futu Holdings’ ADRs fell about 3.87% in U.S. trading as the market continued to digest and trade around the company’s $2.60-per-ADS cash dividend that was announced in early April. The dividend was set for holders of record as of April 16, 2026, with payment expected on or around April 29, 2026—timing that can drive short-term repositioning, hedging, and profit-taking in the shares.

Futu’s board approved a cash dividend of $0.325 per ordinary share, equivalent to $2.60 per ADS, with an aggregate payout of about $365 million. With the record date already passed (April 16, 2026) and the payment window approaching (around April 29, 2026), investors who bought after the record/ex-dividend cutoff are no longer entitled to the payment, and the stock can see choppy, flow-driven trading as dividend-focused buyers exit and others rebalance exposure.

Near-term attention is likely to stay on how the stock behaves into and after the expected April 29 payment, as well as the next earnings catalyst. Market calendars currently point to a mid-May earnings window (May 14, 2026), which can also amplify volatility as traders adjust risk and options hedges into the report.