[Featured Stock] Shinhan Financial Group Rises on Gradual Increase in Shareholder Return Rate Expectations
Shinhan Financial Group's stock price is on the rise. The group's exemplary shareholder return policy appears to be influencing the stock price.
As of 10:49 AM on the 13th, Shinhan Financial Group's stock is trading at 45,500 KRW, up 3.06% compared to the previous day. During the session, it even rose to 45,700 KRW, marking a 52-week high.
On the same day, Eun-gap Kim, a researcher at Kiwoom Securities, explained, "Shinhan Financial Group is setting a model case in terms of institutional aspects of shareholder-friendly policies, such as equalizing quarterly dividends and regularizing treasury stock buybacks and cancellations, and plans to gradually increase the shareholder return ratio going forward."
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Researcher Kim added, "Shinhan Financial Group's common equity tier 1 capital ratio stands at 13.13%, ranking among the top in bank stocks, providing room to strengthen shareholder returns."
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