KTB Investment & Securities Resolves to Pay Common Stock Cash Dividends and Accumulated Dividends on RCPS

[Asia Economy Reporter Kwon Jae-hee] KTB Investment & Securities held a board meeting on the 2nd and resolved to pay cash dividends on common stock and accumulated dividends on redeemable convertible preferred stock (RCPS).

The common stock dividend will be 250 KRW per share in cash, 100 KRW more than last year. The dividend rate relative to the par value is 5%, and the total dividend amount is 14.7 billion KRW.

The accumulated RCPS dividends of 33.4 billion KRW will also be paid in full. The redemption and dividends of RCPS are the company's top priority, and this dividend payment is expected to significantly alleviate the financial burden. The company plans to promptly repay the outstanding principal as well, and once both the principal and accumulated dividends are resolved, the company's financial stability will greatly improve, which is expected to add momentum to the stock price increase.

The total amount of common stock dividends and accumulated RCPS dividends is 48.1 billion KRW, and the dividend-related matters will be finalized at the regular shareholders' meeting to be held on the 24th.

At this regular shareholders' meeting, a company name change will also be pursued. The new company name will be "Daol Investment & Securities."

KTB originated from Korea Technology Banking (KTB), the predecessor of KTB Investment & Securities, and the name was given in 2000 when the company primarily engaged in venture capital business. Currently, KTB Investment & Securities has grown from a venture capital specialist company into a comprehensive financial group operating various affiliates, and plans to take a second leap forward with a new name and corporate identity (CI) that fit this new image.

A KTB Investment & Securities official stated, "With the banner of co-growth with shareholders, we will actively implement shareholder return policies to enhance stock value, such as dividends and share buybacks," adding, "This year, we will newly renovate our company name and CI and firmly establish ourselves as a competitive comprehensive financial group."

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