LG Electronics announced an interim dividend of approximately 89.7 billion won and plans to cancel 100 billion won worth of treasury shares within the year on May 29. The company set the interim dividend record date as August 13 and decided to distribute a cash dividend of 500 won per share for both common and preferred stocks, with payment scheduled for August 28. This move is part of LG Electronics' shareholder return policy aimed at providing stable cash flow to shareholders and enhancing shareholder value, following the company's commitment since 2024 to maintain a minimum dividend of 1,000 won per share annually.
LG Electronics Sets Interim Dividend at 500 Won Per Share
LG Electronics confirmed the interim dividend record date as August 13, with a cash dividend of 500 won per share for both common and preferred stocks. The payment date is scheduled for August 28. Since 2024, LG Electronics has been implementing interim dividends as part of its policy to set a basic minimum dividend amount of 1,000 won per share, contributing to shareholders' stable cash flow and enhancing shareholder value.
LG Electronics Completes 100 Billion Won Share Buyback
LG Electronics recently completed the 100 billion won share buyback announced in January and disclosed the results of terminating its trust contract with NH Investment & Securities. Through this acquisition, the company obtained 588,589 common shares and 141,840 preferred shares. The acquired treasury shares are scheduled to be cancelled within the year to enhance shareholder value. Share buybacks and cancellations typically reduce the number of shares in circulation, leading to improvements in profitability indicators such as earnings per share (EPS) and book value per share (BPS).
LG Electronics Commits to Two-Year 200 Billion Won Shareholder Return Plan
This action implements the shareholder return policy announced through the corporate value enhancement plan disclosure at the end of last year. At that time, LG Electronics announced a 200 billion won shareholder return plan for the following two years. Accordingly, the company plans to execute an additional 100 billion won in shareholder returns next year.
FAQ
What did LG Electronics announce on May 29?
LG Electronics announced an interim dividend of approximately 89.7 billion won and plans to cancel 100 billion won worth of treasury shares within the year on May 29. The company set the interim dividend record date as August 13 with a cash dividend of 500 won per share for both common and preferred stocks, with payment scheduled for August 28.
How many shares did LG Electronics acquire through its buyback program?
LG Electronics acquired 588,589 common shares and 141,840 preferred shares through its 100 billion won share buyback program announced in January. The company completed this buyback recently and plans to cancel these treasury shares within the year to enhance shareholder value.
