Samsung planning shareholder return of US$72 billion: report
SK Hynix on Aug 19 unveiled its own US$29 billion stock repurchase programme
Samsung Electronics is reportedly planning a shareholder return plan worth over 100 trillion won (US$72 billion), according to a South Korean financial news site citing unidentified industry officials. The company intends to utilize 50% of its free cash flow for shareholder returns, primarily in the form of cash dividends, similar to rival SK Hynix's 40 trillion won stock repurchase program through 2027.
Samsung's CFO Park Sooncheol stated that the company aims to strike a balance between maximizing shareholder value and investment in future growth. The announcement follows a period of volatility in July that tested the AI-driven rally and raised questions about its sustainability. Analysts believe the initiative will provide downward support for Samsung's share price in the near term.
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