Hyundai Elevator "Interim Dividend of 1,500 KRW per Share"

Hyundai Elevator announced on the 21st that it plans to pay an interim dividend of 1,500 KRW per share this year. The record date is set for the 30th of this month, and the final decision on whether to proceed with the dividend and the amount will be made by the board of directors.

Earlier, in November last year, the company announced its intention to actively implement policies to enhance shareholder value. The decision to pay an interim dividend was made to increase predictability of shareholder dividends.

Hyundai Elevator Chungju Smart Campus
Photo by Hyundai Elevator

This policy includes a cash dividend of at least 50% of net income (excluding one-time gains, focusing on recurring profits) or share repurchase and cancellation, a certain percentage of one-time gains paid as cash dividends or used for share repurchase and cancellation, and setting a minimum dividend of 500 KRW per share.

According to this policy, the company decided to allocate and pay 54.2 billion KRW (1,500 KRW per share) from the remaining balance after paying dividends from last year's one-time gains. The company paid a year-end dividend of 4,000 KRW per share last year.

This dividend increase is also regarded as aligning with the government's value-up program. The company stated, "We will strive to share profits with shareholders based on continuous growth and business performance."

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