[Featured Stock] Lotte Innovate to Achieve 10% Annual Growth by 2028 through Mobility Business and More

by Ryu Hyunseok

Published 30 Oct.2024 14:08(KST)

Lotte Innovate is on the rise. It appears that the announcement to strengthen dividends along with an average annual growth of 10% until 2028 to enhance corporate value has had an impact.

[Featured Stock] Lotte Innovate to Achieve 10% Annual Growth by 2028 through Mobility Business and More

As of 2:08 PM on the 30th, Lotte Innovate was trading at 23,100 KRW, up 400 KRW (1.76%) from the previous trading day.

Through a disclosure the day before, Lotte Innovate announced its plan to enhance corporate value. The company aims to achieve a compound annual growth rate (CAGR) of over 10% in sales by 2028 and plans to strengthen new businesses such as mobility and expand globally. Additionally, it intends to pursue an active shareholder return policy by maintaining a dividend payout ratio of over 30%.