Samsung Electronics' Q3 dividend jumps 12-fold, totals to $22.5 bil.
Samsung Electronics will pay out 30 trillion won ($22.5 billion) in dividends for the third quarter, increasing its dividend per share more than 12-fold, in a move to address the mismatch between its sluggish share price and record-breaking earnings performance. During a board meeting on Thursday, Samsung Electronics approved a quarterly dividend of 4,601 won per share for both common and…
Samsung Electronics has announced a 12-fold increase in its Q3 dividend, totaling $22.5 billion, in order to address the disparity between the company's robust earnings and its underperforming share price. The company's board approved a quarterly dividend of 4,601 won per share for both common and preferred shares, a significant increase from the 370 won per share paid in the first and second quarters.
This move aims to align the company's dividend payout with its earnings performance and is expected to boost shareholder confidence.
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.
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