KIWOOM High Dividend ETF to Pay First Mid-Month Dividend on August 19

Kiwoom Asset Management announced on August 12 that the 'KIWOOM High Dividend Exchange-Traded Fund (ETF)' will pay its first mid-month dividend on August 19.

The dividend will be 40 KRW per share, paid to investors who purchased the ETF by August 12.

The KIWOOM High Dividend ETF, listed in July 2008, is the first high-dividend ETF in Korea. It has delivered stable performance across various timeframes, from short-term to long-term periods.

Previously, dividends were paid at the end of each month, but as of July 15, the payout cycle has switched to a mid-month dividend system. The 15th of each month is now used as the record date. If the 15th falls on a holiday, the previous business day is used to determine eligible shareholders.

The KIWOOM High Dividend ETF tracks the 'MKF Wealth High Dividend 20 Index' and invests in the top 20 dividend-yielding companies among listed Korean firms with proven stable earnings and dividend histories. Selection criteria include four consecutive years of net profit, a dividend payout ratio below 90%, and actual cash dividend records. The index is designed to consider both the sustainability and feasibility of dividends, providing a stable dividend stream.

According to financial information provider FnGuide, as of August 11, the ETF has delivered a one-year return of 49.15%, the highest among comparable high-dividend ETFs. The three-year return stands at 107.70%, and the return since inception is 294.99%. The dividend yield over the past year is approximately 4.99%. The ETF has not reduced its per-share dividend even once in the past three years, further demonstrating the stability of its payouts.

With a total annual expense ratio of 0.19%, it offers a relatively low-cost structure compared to other high-dividend ETFs listed in Korea. It is gaining attention as a suitable product for investors who value both dividend yield and cost efficiency.

A representative from Kiwoom Asset Management stated, "We expect that mid-month dividends will provide tangible benefits for investors in managing cash flow and reinvestment strategies," adding, "With high interest rates persisting and corporate earnings recovery and shareholder return policies aligning, interest in dividend investing is likely to continue."

The representative also noted, "Mid-month dividends advance the timing of dividend payments, making this structure efficient for pension and long-term investors from a reinvestment perspective."

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