SK to Repurchase Over 1% of Market Cap Annually and Distribute Basic Dividends Exceeding 30% of Dividend Income
[Asia Economy Reporter Myunghwan Lee] SK announced on the 29th that it will implement shareholder return policies such as basic dividends and share repurchases to enhance shareholder value.
SK stated that it plans to strengthen its shareholder return policies by 2025, considering its corporate value goals and role as an investment company.
The shareholder return policy includes a basic dividend of at least 30% of recurring dividend income and annual share repurchases of at least 1% of market capitalization until 2025. Share cancellation will also be considered as a shareholder return option.
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SK said, "We aim to strengthen shareholder return policies so that portfolio value growth and realization of investment performance are more closely linked to shareholder returns."
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