Hecto Innovation and Hecto Financial Decide on Cash Dividends Totaling 9.7 Billion KRW
[Asia Economy Reporter Jang Hyowon] Hecto Innovation, a MyData company of the Hecto Group (CEO Lee Hyuncheol), and Hecto Financial, a tech-fin company (CEO Choi Jongwon), held a board meeting on the 15th and announced that they decided to pay a total cash dividend of approximately KRW 9.7 billion to continue their shareholder-friendly policies since their listing.
The year-end dividend amounts for 2022 were approximately KRW 5.4 billion (KRW 420 per share) for Hecto Innovation and approximately KRW 4.2 billion (KRW 500 per share) for Hecto Financial, representing increases of 7.7% and 6.4% respectively compared to the previous year. The dividend record date for both companies is December 31, 2022, and the dividends will be paid within one month after final approval at the regular shareholders' meeting.
Since their listing on KOSDAQ, Hecto Innovation and Hecto Financial have continuously implemented cash dividends to practice shareholder-friendly policies. The dividends per share for Hecto Innovation were ▲KRW 340 (2020), ▲KRW 390 (2021), and ▲KRW 420 (2022), while those for Hecto Financial were ▲KRW 350 (2020), ▲KRW 470 (2021), and ▲KRW 500 (2022), showing steady annual growth.
In addition to cash dividends, Hecto Innovation and Hecto Financial have implemented various shareholder-friendly policies such as acquiring treasury shares every year. Hecto Innovation acquired treasury shares worth KRW 5 billion last year, and Hecto Financial acquired treasury shares worth KRW 10 billion last year and has signed a trust contract to acquire treasury shares worth KRW 5 billion this year, continuously purchasing treasury shares.
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A Hecto Group official stated, "Hecto Group is challenging continuous growth by strengthening profitability in existing businesses and investing in platform businesses to secure new growth engines. Based on shareholder-friendly policies, we will maximize both short- and long-term corporate value by achieving both shareholder returns and future growth."
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