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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] POSCO Holdings has announced a plan to enhance corporate value centered around shareholder return policies, including share buybacks and dividend increases.
On Monday, the company disclosed a value enhancement program (Value-Up Program), which includes a plan to repurchase and retire 6% of its shares and set a sales growth target of up to 8% by 2027.
To achieve a group sales growth rate of 6-8%, POSCO Holdings plans to focus investments on high-growth, high-profit regions, mainly in the steel sector, to strengthen product competitiveness. In the secondary battery materials business, the company aims to secure quality resources and enhance business competitiveness through product and process innovation.
Additionally, POSCO Holdings will continue efforts to discover promising new businesses while focusing on its core growth drivers, steel and secondary battery materials.
As part of its shareholder value enhancement, POSCO Holdings announced plans for share buybacks and increased basic dividends. According to its plan announced in July, POSCO Holdings will repurchase and retire a total of 6% of its shares over the next three years starting in 2024. The company will pay a basic dividend of 10,000 KRW per share, using 50-60% of its surplus cash flow from its separate accounts. If there are additional funds, the company plans to conduct a minimum of 2.3 trillion KRW in dividends through supplementary payments.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
