Earlier we heard about Samsung’s latest financial results and now Samsung has also announced a new Shareholder Return Program for 2021-2023.
Samsung will increase he regular dividend payout over their previous three year program to an annual KRW 9.8 trillion for 2021-2023.
Samsung Electronics announced today its Shareholder Return Program for 2021-2023, following an in-depth review by the Board of Directors. In line with the Company’s shareholder return policy that focuses on dividends, the Board decided to increase the regular dividend payout while maintaining the framework of the previous three-year program.
As for the previous program for 2018-2020, the Company has said it was committed to returning the remaining portion of 50 percent of FCF generated over the three-year period after KRW 28.9 trillion in regular dividend payouts. Today, based on total FCF of KRW 79.2 trillion generated in the 2018 to 2020 period, the Board approved a one-time special cash dividend of KRW 10.7 trillion. In April, shareholders of record as of end of 2020 will receive KRW 1,932 per common share and KRW 1,933 per preferred share, which includes the year-end regular dividend of KRW 354 per common share and KRW 355 per preferred share, after approval in March at the annual general meeting of shareholders.
You can find out more details about Samsung’s new shareholder return program for 2021 to 2023 over at their website at the link below.
Source Samsung
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