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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao announced on the 14th that it has decided to pay cash dividends worth 26.74 billion won.
Kakao held a board meeting and made the decision. Shareholders will receive a dividend of 61 won per share. The dividend base date is February 29 this month and the dividend will be paid on April 25 this year.
Kakao will incinerate 1,966,496 shares of its own shares on May 3. This is 0.44% of the total stock.
The decision to retire cash dividends and treasury stocks is part of Kakao's mid- to long-term shareholder return policy. Kakao plans to return 134.4 billion won worth of shareholders, or 30 percent of the FCF, within May this year for the fiscal year 2023.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
