Hanil Holdings Declares First Quarterly Dividend for Q3 This Year

[Asia Economy Reporter Kim Jong-hwa] Hanil Holdings announced its quarterly dividend plan for the third quarter on the 19th. Hanil Holdings, a holding company that owns Hanil Cement, Hanil Hyundai Cement, Hanil Industry, and Seoul Land, is implementing quarterly dividends for the first time. The dividend per share is at least 200 KRW, and the dividend record date is September 30.

Hanil Holdings explained that the third-quarter cash dividend is being paid using the gains from the sale of its subsidiary Hanil Networks, which was sold in the second quarter, to enhance shareholder value and strengthen shareholder-friendly management.

Since its listing in 1969, Hanil Holdings has maintained a continuous shareholder-friendly management policy, paying dividends for 53 consecutive years. After converting to a holding company in 2018, it increased the value per share through two rounds of treasury stock cancellations amounting to approximately 27.4 billion KRW, and the total dividend amount has steadily increased from 12.5 billion KRW to 17.9 billion KRW in 2022. Previously, only cash dividends were paid, but this year, stock dividends were introduced for the first time, adopting various dividend methods to continuously improve shareholder value.

Additionally, in 2020, the company split the stock par value by one-fifth to increase the number of shares in circulation, improving shareholders' access to shares. It also considers the predictability for general investors by announcing the expected dividend level before the year-end dividend record date every year.

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