Korea Capital Advances Dividend Payment... "A Decision for Shareholders"
[Asia Economy Reporter Jang Hyowon] Hankook Capital is advancing the dividend payment ahead of the usual schedule considering the economic situation.
Hankook Capital's management announced on the 2nd that they decided internally to advance the dividend payment originally scheduled for the end of this month to the 6th.
A company official stated, “Generally, dividends are paid about one month after the shareholders' meeting, but this year we decided to pay as quickly as possible. This decision was made by the company to provide some support to shareholders amid difficult economic conditions.”
This year, Hankook Capital's dividend is 25 KRW per share, a 25% increase compared to the previous year. The dividend yield also rose to 4.6% compared to last year.
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A Hankook Capital official added, “We are considering various measures to enhance shareholder value, including not only increasing dividends but also implementing differential dividends for two consecutive years. Since dividends are determined based on company performance, we will strive to achieve performance growth so that we can provide dividends to shareholders again next year.”
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