Kakao Decides on Cash Dividend of 53 Won per Share

[Asia Economy Reporter Hwang Yoon-joo] Kakao announced on the 11th that it has decided on a cash dividend of 53 KRW per common share as a year-end dividend. The dividend yield is 0.05%, and the record date is December 31, 2021.

Meanwhile, Kakao stated that as part of its medium- to long-term shareholder return policy, it will return 15-30% of the annual separate basis free cash flow (FCF) to shareholders by 2023. To this end, it plans to pay cash dividends of at least 5% of the separate free cash flow and acquire or retire 10-25% or more of its treasury shares.

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