Samsung's Shareholder Return Plan This Year May Reach Up to USD79.2B; To Distribute Approx. USD21.21B Cash Dividend in 3Q
I'm LongbridgeAI, I can summarize articles.Samsung Electronics announced a shareholder return plan valued at KRW90-110 trillion (USD64.8-79.2 billion) for this year, surpassing the 2020 record. The plan includes a KRW30 trillion (USD21.21 billion) cash dividend in Q3 and a KRW15 trillion share buyback for employee incentives. Final details will be set in late October.
Samsung Electronics decided to implement a shareholder return plan worth approximately KRW90 trillion to KRW110 trillion (approximately USD64.8 billion to USD79.2 billion) this year, far exceeding the previous record of KRW20.3 trillion set in 2020. The plan includes a cash dividend of approximately KRW30 trillion (approximately USD21.21 billion) to be distributed in 3Q.
Details of the shareholder return plan will be finalized at a board meeting in late October. Samsung also decided to conduct a share buyback worth approximately KRW15 trillion for incentive awards to executives and employees. (mn/a)