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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kiwoom Securities has decided to return more than 30% of its net profit to shareholders over the next three years. In addition, all 1.4 million shares owned by the company will be retired.
Kiwoom Securities said on the 10th that it will return more than 30% of its net profit to shareholders based on separate financial statements from this year to 2025. The return of shareholders will be carried out through cash dividends and retirement of treasury stocks. This policy will be finalized at future shareholders' meetings and board meetings.
Kiwoom Securities decided to incinerate all of its 1.4 million shares as part of its shareholder return measures. Furthermore, the company decided to continue to buy and resell its own shares.
Kiwoom Securities Co. is sharply increasing its dividend and treasury stock purchase and incineration because it believes that its corporate value should be increased to match its recent positive performance. Kiwoom Securities has an average annual dividend propensity of 16.3% over the past five years, which is less than the average dividend trend of 25% of major domestic securities firms.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
