Samsung Electronics likely to announce $72.4 bil. shareholder returns: sources

Samsung Electronics is reportedly set to announce a $72.4 billion shareholder return, according to industry sources. This announcement comes on the heels of a similar initiative by SK hynix, following record earnings driven by the artificial intelligence boom. The world's largest memory chip maker is expected to make this largest-ever shareholder-return initiative at a board meeting as early as later Friday or next week.

This move would mark the final year of Samsung Electronics' three-year shareholder-return policy for 2024-26, which aims to return 50 percent of its free cash flow to shareholders. Industry observers anticipate the company will return over 100 trillion won through a special dividend, based on an estimated annual operating profit of 390 trillion won.

Additionally, the company may utilize share buybacks to fund special performance bonuses for employees.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.