Huons Group to Increase Dividends by Up to 30%... Introducing Interim Dividends as Well

Announcement of Mid-to-Long-Term Dividend Policy
Dividend per Share to Increase 0~30% Year-on-Year Over the Next 3 Years

[Asia Economy Reporter Myunghwan Lee] Huons Group has announced a mid-to-long-term dividend policy to increase dividends, aiming to enhance shareholder value.

Huons Global, the holding company of Huons Group, announced on the 16th through the 'Mid-to-Long-Term Dividend Policy' disclosed on the 14th that over the next three years (2023?2025), the dividend per share will be increased by a minimum of 0% and up to 30% compared to the dividend of the previous fiscal year. The dividend will be paid in cash, with plans to conduct both year-end and interim dividends.

At the board meeting held on the 14th, the year-end dividends for 2022 were decided as 500 KRW per share for Huons Global, 600 KRW per share for Huons, and 500 KRW per share for Humedix. The year-end dividends will be finalized at the upcoming regular shareholders' meeting next month. Huons Global explained that the basic direction of this mid-to-long-term dividend policy is to increase the dividend payout ratio based on stable business performance and results, thereby enhancing shareholder returns while practicing ESG (Environmental, Social, and Governance) management.

Huons Global's consolidated sales and operating profit for last year were recorded at 673.4 billion KRW and 87.3 billion KRW, respectively, representing increases of 16% and 19% compared to the previous year. Huons Group explained that its major listed affiliates are making efforts to enhance shareholder value through various shareholder return policies such as share buybacks and stock dividends in addition to cash dividends.

Song Su-yeon, CEO of Huons Global, stated, "Along with achieving favorable performance, we will actively carry out various activities to expand dividends and enhance shareholder value, further improving the group's credibility."

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