Samsung Electronics' Q3 dividend jumps 12-fold, totals to $22.5 bil.
Samsung Electronics on Thursday reported 107.44 trillion won ($80.4 billion) in third-quarter operating profit, setting a new quarterly earnings record. The company said in a regulatory filing that its revenue and operating profit for the July-September period stood at 195.25 trillion won and 107.44 trillion won, respectively. Revenue grew 126.9 percent year-on-year, while operating profit surged…
Samsung Electronics announced a significant increase in its Q3 dividend on Thursday, reporting a staggering 12-fold jump in profits. The company disclosed a third-quarter operating profit of 107.44 trillion won ($80.4 billion), setting a new quarterly earnings record. This represents a remarkable surge, with revenue and operating profit both skyrocketing compared to the previous quarters.
Revenue grew by an astounding 126.9 percent year-on-year, while operating profit surged by an even more impressive 783 percent. As a result of this stellar performance, Samsung approved a quarterly dividend of 4,601 won per share, more than 12 times the previous payout of around 370 won per share. The total dividend payout for the third quarter amounts to an impressive 30 trillion won, which will be distributed to shareholders on November 27.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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