SGI announces quarterly dividend for 2 consecutive quarters

Seoul Guarantee Insurance (SGI) announced Wednesday that it will distribute a quarterly dividend of 573 won ($0.42) per common share for two consecutive quarters. This dividend amount represents approximately 1.3 percent of the stock price, with a total payout of around 40 billion won. The record date for the distribution is November 18, and shareholders can expect to receive the payment on December 2. SGI followed up the previous quarter's dividend payout of 30 billion won.

In August, the company unveiled its corporate value enhancement plan and implementation status for 2026, aiming to deliver over 200 billion won in shareholder returns for the year, representing a return ratio of at least 50 percent. SGI became the first company in its industry to introduce quarterly dividends. The company's decision to increase both the dividend and dividend per share compared to the previous quarter suggests a positive outlook for shareholders seeking quicker access to cash and more opportunities to generate returns.