Hyundai Glovis Increases Dividend to 5,700 Won... 50% Rise Compared to Previous Year

Operating Profit of 1.7985 Trillion KRW

[Asia Economy Reporter Oh Gyumin] Hyundai Glovis announced on the 31st that it passed a board resolution to increase the year-end dividend by 50% compared to the previous year, setting it at 5,700 KRW per share. It also disclosed plans to raise the dividend per share by at least 5% and up to 50% based on the previous year's dividend by 2024.

The company explained that it set a corresponding dividend to return profits to shareholders based on solid performance and stable business results.

[Photo by Hyundai Glovis]

Hyundai Glovis recorded sales of 26.9819 trillion KRW last year, a 23.9% increase compared to the previous year. Operating profit rose by 59.7% to 1.7985 trillion KRW. Net profit increased by 52.3% to 1.1928 trillion KRW. Previously, under the three-year dividend policy established in 2019, dividends were set within a 0-10% increase range. This flexible dividend policy aims to enhance predictability for shareholders.

A Hyundai Glovis official stated, “We plan to continue enhancing corporate credibility among domestic and international investors through various activities that increase shareholder value, including expanding dividends.”

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