Samsung has announced that it will allocate 50 percent of its free cash flow for 2016 and 2017 to its shareholders.
It also announced that it will increase the total dividends in 2016 by 30 percent when compared to 2015.
Under the roadmap, which builds on the shareholder return program announced in October 2015, Samsung Electronics will further enhance its shareholder returns policy, capital management and the operation of the Board of Directors while also ensuring that the Company can continue to direct the required investment resources to compelling opportunities and to nurturing future growth drivers to the benefit of all of its stakeholders.
“We are committed to enhancing sustainable long-term value for our shareholders and to remaining good stewards of capital,” said Dr. Oh-Hyun Kwon, Vice Chairman and CEO of Samsung Electronics. “Today’s announcement extends the actions we initiated last year and represents the next phase in the evolution of our shareholder policy and governance.”
You can find out more details about Samsung’s plans to increase the amount of money they pay to shareholders at the link below.
Source SamsungFiled Under: Technology News, Top News