[Special Stock] Celltrion Rises on Record-High Dividend Decision
Celltrion is showing strength as it has decided on the largest cash and stock dividends in its history.
As of 9:48 AM on the 13th, Celltrion is trading at 193,000 KRW, up 4.38% from the previous day.
On this day, Celltrion announced that it decided on a cash dividend of 750 KRW and a stock dividend of 0.05 shares per common share. The total cash dividend amount is approximately 153.7 billion KRW, and the total number of dividend shares is about 10.25 million shares.
The dividend scale was calculated based on approximately 205.03 million shares, excluding treasury shares (about 12.04 million shares) from the total issued shares (about 217 million shares), marking the largest scale in history.
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Celltrion explained that it decided on the dividend with the intention of sharing future growth value with shareholders, judging that the current corporate value is considerably undervalued compared to future business plans. This is Celltrion's first stock dividend in two years.
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