Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: China MediaExpress (Nasdaq: CCME) shares jumped 10% today on news the company will begin paying a dividend.

So what: Could it be that a Chinese company is doing something shareholder-friendly? It appears that way, as the company will begin paying 5%-10% of net profit to shareholders in a dividend early next year.

Now what: Shares have enjoyed a nice run, popping a couple of times in the last month since reporting a big jump in earnings. The $169.9 million of cash sitting on the balance sheet has apparently given management enough confidence to begin paying shareholders back and should be a bullish sign for investors. I will continue to watch the share count, but for now I'm bullish along with the market and expect this stock to move higher.

Interested in more info on China MediaExpress? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw

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