SK Hynix Declares Cash Dividend of 1,000 KRW per Share... "Ensuring Dividend Predictability"
[Asia Economy Reporter Oh Ju-yeon] SK Hynix announced on the 31st that it has decided to pay a cash dividend of 1,000 KRW per common share. The dividend yield is 1.1%.
Through a separate disclosure, SK Hynix stated, "The basic direction of the dividend policy for the three years from 2019 to 2021 is to ensure predictability of dividends and reflect performance volatility," adding, "During this period, the annual cash dividend will be 1,000 KRW per share (fixed dividend) plus 5% of the annual Free Cash Flow (operating cash flow minus acquisition cost of tangible assets based on the consolidated cash flow statement at the fiscal year-end) as an additional dividend depending on performance."
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They also added that if the annual Free Cash Flow is negative, only the fixed dividend will be paid.
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