Linos Announces 0.05 Shares Weekly Stock Dividend... "8 Consecutive Years"

[Asia Economy Reporter Hyunseok Yoo] Linos announced on the 21st that it has decided on a stock dividend of 0.05 shares per common share through its board of directors.

This year, the total number of dividend shares for Linos is 2,137,310 shares, which is approximately 2.4 billion KRW based on the closing price on the day before the board meeting. The dividend record date is January 1, 2022, and the stock dividend matters will be finally approved at the 31st regular general shareholders' meeting.

A company official stated, "We have decided on dividends for eight consecutive years to enhance shareholder value and will continue shareholder-friendly policies going forward." In addition, the company is diversifying its review of businesses that can create synergy effects with existing operations while growing its core business, and plans to secure new growth engines through the full-scale promotion of new businesses.

Despite the prolonged COVID-19 pandemic, Linos has maintained steady performance this year by successfully rebounding with strong growth in the IT sector centered on disaster safety net solutions.

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