Samsung expects shareholder returns up to US$80 billion this year
SAMSUNG Electronics plans to return as much as 110 trillion won (US$80 billion) to investors this year, joining SK Hynix in sharing...
Samsung Electronics has announced plans to return up to 110 trillion won, or US$80 billion, to shareholders this year, marking the largest shareholder return programme in South Korea's history. The tech giant will allocate about half of its free cash flow to investors, with 30 trillion won set for dividend payments in the third quarter.
The remaining amount will be finalized at a January board meeting. Samsung's move comes as a response to increasing investor pressure for more cash returns, following the success of AI-driven businesses like SK Hynix. SK Hynix has also announced a 40 trillion won share buyback plan, adding pressure on Samsung to return more cash to shareholders.
Despite the announcement, Samsung's shares fell as much as 2.6% in post-market trading, with some investors finding the news underwhelming.
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