JE Cleantech shares surge 17.76% premarket after announcing $0.44 dividend from property sale gain.

JE Cleantech Holdings surged 17.76% in premarket trading following the announcement of a $0.44 per share cash dividend. The dividend, payable on January 28, 2026, was approved after the company sold its leasehold industrial property at 17 Woodlands Sector 1 in Singapore, generating a $2.85 million net gain. The move signals a return of capital to shareholders amid ongoing financial challenges, including negative operating margins and a distressed Altman Z-Score. While the company’s profitability remains concerning, the dividend declaration—linked to a tangible asset sale—appears to have driven immediate investor optimism, with the stock’s sharp premarket rise reflecting approval of the payout as a positive use of proceeds from the property transaction.