Market price-dividend ratio (%) is calculated based on the average closing share price during the past 1 week up to the date that is two trading days before the record date.
Dividend Payout Ratio(%) is Total Dividend Amount/Profit attributable to owners of the Parent Company. (Based on consolidated financial statements)
From 2022, it is based on the total dividends paid per share within the year including the previously paid quarterly dividends.
In the case of the Dividend Payout Ratio(%) of 2023, the profit attributable to owners of the parent company resulted in the consolidated current net loss, yielding a negative number, hence being omitted.
Dividend per Share
(Unit: KRW)
[ FY2025~2027 Shareholder Return Policy ]
Fixed dividend increased to KRW 1,500 per share from KRW 1,200 per share.
Annual cash dividends will consist solely of fixed dividends, and the 5% of annual FCF that was distributed under the previous policy will be prioritized for strengthening financial soundness.
After policy term ends, additional returns will be implemented within the scope of maintaining financial goals.
If significant level of FCF is generated, we will review possibility of earlier shareholder returns.
Financial goals : Secure positive Net Cash and Appropriate Cash levels
FY2022~2024 Shareholder Return Policy
Dedicate 50% of 3-years' FCF for shareholder return
Annually paid Fixed Dividend raised 20% (FY2019~2021 KRW 1,000 per share 🡪 FY2022~2024 KRW 1,200 per share) plus 5% of the annual free cash flow (Additional Dividend depending on performance)
Start Quarterly dividend payments* - Fixed Dividend will be paid in equal parts quarterly, while Additional Dividend will be paid with the 4th quarter dividend when annual earnings are fixed.
If the total dividend paid during the FY2022~2024 period falls short of 50% of the cumulative FCF, the remaining amount will be used for additional return
Free Cash Flow = Cash Flow from Operating Activities - Acquisition of PP&E (based on consolidated Cash Flow Statement for the Fiscal Year)
FY2019~2021 Shareholder Return Policy
KRW 1,000 (fixed) plus 5% of the annual free cash flow (additionally payable depending on the performance)
This is intended to ensure the stability and predictability of dividend and take into account any volatility in the performance.
Only the fixed dividend is payable if the annual free cash flow is negative.
Free Cash Flow = Cash Flow from Operating Activities – Acquisition of PP&E (Based on consolidated Cash Flow Statement for the Fiscal Year)
