Kiwoom Securities Announces Year-End Dividend of 7,500 KRW per Share with a 6.2% Dividend Yield
Kiwoom Securities announced on the 18th through its board of directors that it has resolved to pay a cash dividend of 7,500 KRW per common share. The dividend yield on common shares is 6.2%.
The cash dividends for the 3rd and 4th series of redeemable convertible preferred shares are 14,979 KRW and 9,362 KRW per share, respectively. The total dividend amount has more than doubled compared to last year, reaching 205.7 billion KRW.
The record date for dividends is the end of this year, and the dividends are expected to be paid within one month from the date of the shareholders' meeting.
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A Kiwoom Securities official stated, “By proactively confirming the dividend amount, we aim to eliminate investor uncertainty and build trust with shareholders, continuing efforts to enhance corporate value,” and added, “The total dividend amount was set considering this year’s expected performance to achieve the shareholder return rate target.”
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