Samyang Foods to Pursue First Interim Dividend... Schedule and Amount to Be Decided Later
[Asia Economy Reporter Eunmo Koo] Samyang Foods announced on the 9th that it will pursue an interim dividend for the first time since its establishment.
On the same day, Samyang Foods held a board meeting and disclosed that it decided to close the shareholder registry for the interim dividend. An interim dividend is a dividend paid during the fiscal year rather than after the settlement, and Samyang Foods explained that this decision was made as part of its shareholder return policy.
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The specific timing and amount of the interim dividend will be decided at a future board meeting. Samyang Foods plans to pursue biannual dividends based on semi-annual performance every year going forward. A Samyang Foods official stated, "We will enhance shareholder value by increasing the dividend per share and dividend payout ratio."
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