SK Gas Declares Cash Dividend of 8,000 KRW per Share... Expanding Shareholder Returns

23% Increase from Last Year's Dividend of 6,500 Won
Total Repurchase Amount 71.8 Billion Won...Practicing Shareholder-Friendly Management

SK Gas is practicing shareholder-friendly management by increasing cash dividends.

On the 6th, SK Gas announced through a public disclosure that it has decided on a dividend of 8,000 KRW per share, a 23% increase compared to last year's dividend of 6,500 KRW. This amount includes the interim dividend of 2,000 KRW already paid and the year-end dividend of 6,000 KRW, with a total dividend amounting to 71.8 billion KRW.

SK Gas is gradually increasing dividends and expanding shareholder returns based on its principle of pursuing a gradual upward trend in dividends. The annual average dividend per share increased by 26% from 2020 to last year. The dividend decided this time has doubled from 4,000 KRW in 2020 over three years. Despite last year's stock price increase, the market dividend yield including the interim dividend rose to 5.3%, meeting market expectations.

SK Gas plans to actively pursue both corporate and profit growth as well as expand shareholder returns accordingly. In September last year, SK Gas announced its 2024-2026 three-year shareholder return policy, expressing its commitment to enhancing corporate value and shareholder returns. Starting this year, considering business structure changes through the operation of new power/LNG businesses, the dividend standard will change from "20-40% of separate net income" to "25% of consolidated controlling shareholder net income (ordinary profit)." This strengthens shareholder returns by allowing partial reflection of new business performance. If mid- to long-term ROE (Return on Equity) targets are exceeded, including non-recurring profits from LNG-LPG optionality, additional shareholder returns will be considered, and interim dividends will continue to be implemented.

An SK Gas official stated, "Despite the increasingly uncertain internal and external management environment, SK Gas has strived to adhere to a dividend policy that enhances shareholder value by expanding shareholder returns." He added, "Going forward, along with the operation of new businesses, we will grow as a Net Zero Solution Provider and gradually share the results of company growth with shareholders, strengthen trust, and enhance ESG management."

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