[Featured Stock] Samsung Electronics, Did the Special Dividend Work? ... Rebounds in Four Days
[Asia Economy Reporter Ji Yeon-jin] Samsung Electronics succeeded in rebounding after four days on the 29th.
As of 9:20 AM on the same day, Samsung Electronics was trading at 84,100 KRW, up 0.38% from the previous day's closing price. Samsung Electronics had surged to 96,800 KRW intraday on the 11th but fell to 89,400 KRW at the close on the 25th and continued to decline for three consecutive days.
Samsung Electronics announced its earnings the day before, reporting Q4 sales of 61.55 trillion KRW, down 8.08% from the previous quarter, and operating profit of 9.047 trillion KRW, down 26.76%.
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The securities industry viewed Samsung Electronics' historic special dividend announced the day before positively for the stock price. Kim Sun-woo, a researcher at Meritz Securities, interpreted, "Considering the inheritance issues that will arise soon, dividends are more efficient than share buybacks for related parties, and the scale needs to be gradually expanded."
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