SGI announces quarterly dividend for 2 consecutive quarters

Seoul Guarantee Insurance (SGI) recently announced plans to pay a quarterly dividend of 573 won ($0.42) per common share for the second consecutive quarter. The dividend per share is roughly 1.3% of the stock price, with the total payout amounting to around 40 billion won. Shareholders will receive the dividend on December 2, provided they are registered as owners by the record date of November 18.

This follows a previous dividend payout of 30 billion won in the prior quarter. In August, the company unveiled its corporate value enhancement plan and 2026 implementation status, aiming for over 200 billion won in shareholder returns for the year. This represents a shareholder return ratio of at least 50%, making SGI the first in its industry to introduce quarterly dividends.

Both the overall dividend and per share amount have seen slight increases compared to the previous quarter. These quarterly payouts are anticipated to offer shareholders quicker access to their funds, thereby increasing investment returns and providing additional opportunities for generating profits.