SK Hynix Declares Dividend of 1,170 KRW per Share... Total Amounting to 800.3 Billion KRW (Update)
[Asia Economy Reporter Kim Heung-soon] SK Hynix announced on the 29th that it will pay a year-end dividend of 1,170 KRW per share. The dividend record date is December 31 of last year, and the dividend yield based on the market price is 1.0%. The total dividend amount is 800.282 billion KRW.
SK Hynix announced a new dividend policy that increases predictability of shareholder returns and reflects performance volatility according to the memory industry's cycle. The dividend per share is fixed at a minimum of 1,000 KRW, with an additional 5% of the annual free cash flow (FCF) generated paid on top of that.
Hot Picks Today
"You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Mistaken for the Flu, Left Untreated... Death Toll Surges as WHO Declares Emergency (Comprehensive)
- Jinwoo Sunim: "We Must Abandon the Extremes of Surviving by Defeating Others"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Previously, in 2019 when free cash flow was negative, the dividend per share was 1,000 KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
