Hanwha Asset Management Pays First Dividend for ARIRANG High Dividend Stocks

Hanwha Asset Management announced on the 7th that the 'ARIRANG High Dividend Stock' Exchange-Traded Fund (ETF) has paid its first dividend after changing the distribution cycle to a monthly basis.

According to Hanwha Asset Management, the 'ARIRANG High Dividend Stock' ETF paid a dividend of 63 KRW per share on the 4th. Based on the closing price on May 29, the day before the ex-dividend date, the monthly distribution yield is 0.45%, and the annualized distribution yield reaches 5.45%.

The 'ARIRANG High Dividend Stock' ETF changed its dividend payment cycle to monthly starting last month to meet the needs of investors seeking stable cash flow every month.

At the time of the announcement of the monthly distribution change in April and May, individual investors net purchased 34.5 billion KRW worth of the 'ARIRANG High Dividend Stock' ETF.

Considering dividend reinvestment, the returns by period as of the end of May were 1.78% for the past month, 4.27% for three months, and 18.21% year-to-date, outperforming the 'KOSPI 200'.

The ‘ARIRANG High Dividend Stock’ ETF, listed in 2012 as Korea’s first high dividend product, has grown to become the largest domestic high dividend stock ETF with net assets of 316.3 billion KRW (based on the closing price on May 31).

Geum Jeongseop, Head of the ETF Business Division at Hanwha Asset Management, stated, "The initial distribution yield of 0.45% means that an investment of 100 million KRW will receive a pre-tax dividend of 450,000 KRW." He added, "We aim to pay a fixed dividend of 63 KRW per share every month to provide investors with stable monthly dividend income."

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