Shinyoung Securities Declares Cash Dividend of 2,500 KRW per Share

[Asia Economy Reporter Minji Lee] Shin Young Securities will pay cash dividends of 50% of the par value for common stock and 51% for preferred stock this year.

On the 27th, Shin Young Securities held a board meeting and decided on cash dividends of 2,500 KRW per common share and 2,550 KRW per preferred share as dividends for the fiscal year 2019.

The total dividend amount is approximately 21.7 billion KRW, and the dividend yield based on common stock is 5.9%. Shin Young Securities' 10-year average dividend yield is 4.89%, which is 3.4 times and 2.3 times higher than the average dividend yields of 1.44% for KOSPI-listed companies and 2.16% for the securities industry, respectively.

The record date for dividends is March 31 of this year. The final dividend amount will be confirmed after approval at the regular shareholders' meeting in June.

Shin Young Securities stated, "We will continue to strive to enhance shareholder value through stable dividends and share repurchases."

This content was produced with the assistance of AI translation services.