Cleverse, Dividend Record Date April 1... "Dividend Yield Exceeds 12%"

Convergence thinking company Creverse announced on the 12th that the record date for the 2024 year-end dividend has been set to April 1 of this year by the board of directors. Considering that the record date for this year's interim dividend is June 30, investors who purchase Creverse shares by the 27th of next month and hold them for about three months can receive two dividend payments, from the year-end dividend to the interim dividend.

Interior view of Creverse Olympic Complex, which opened recently in February. Provided by Creverse

While most companies that pay dividends do so once a year, Creverse has been implementing semi-annual dividends for 11 years since 2014 as part of its shareholder return policy. Although the current stock price has slightly declined, this has maintained a double-digit dividend yield, establishing Creverse as a representative high-dividend stock in the market.

Creverse's annual dividend yield last year exceeded 12% based on the recently undervalued stock price. Additionally, since Creverse provides tax-exempt dividends, the actual dividend yield experienced by shareholders is expected to be around 15%.

Meanwhile, Creverse has been going through a transitional period due to the effects of COVID-19 over the past few years and the merger with its subsidiary CMS, but overseas business has been recovering since the end of last year. The entry into the new business field of the curriculum market (EFL) is also expanding domestic business coverage.

Furthermore, Creverse has issued perpetual exchangeable bonds, a capital-raising method typically used by large corporations, which has lowered its debt ratio and is continuously striving to secure financial soundness.

Jinbin Kim, Vice President and Chief Financial Officer (CFO) of Creverse, said, “We will solidify financial stability through further improvement of the debt ratio in the first half of 2025. We will also prove our value as a growth stock based on performance by expanding domestic and overseas business coverage.”

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