"Record Highest Dividend" FILA Holdings Decides on 1,000 Won Cash Dividend per Share

Record High Operating Profit of 491.6 Billion Won Last Year... 44.1% Increase YoY

[Asia Economy Reporter Eunmo Koo] FILA Holdings will pay the highest-ever dividends to its shareholders.

FILA Holdings announced on the 15th that it decided at the board meeting held the previous day (14th) to pay a dividend of 1,000 KRW per share (185 KRW per share last year). This represents an increase of about 440% compared to one year ago, with a total dividend amount of 60.1 billion KRW.

FILA Holdings' dividend payout ratio has been rising for four consecutive years. The payout ratio (the proportion of net profit paid as dividends) has been raised nearly threefold from about 8% in 2020 to 24.3%.

This decision reflects FILA Holdings management’s proactive shareholder return policy. FILA Holdings has been striving to enhance shareholder value by increasing predictability of long-term dividend income and establishing mid- to long-term strategies that include shareholder-friendly policies.

A FILA Holdings official said, “This dividend increase was decided based on our principle of prioritizing maximizing shareholder value as one of our key management policies. We plan to maximize satisfaction of consumers and shareholders through active branding and shareholder return policies.”

FILA Holdings provisionally disclosed that its consolidated operating profit last year was 491.6 billion KRW, an increase of 44.1% compared to the previous year. During the same period, sales rose 21.3% to 3.794 trillion KRW. Since this is financial data before external audit completion, it may change depending on the auditor’s results, but it is expected to record the highest ever. The final audited results for 2021 will be announced at the end of March.

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