Samsung Electronics introduced at this time its Shareholder Return Program for 2024-2026, following an in-depth assessment by the Board of Administrators. After complete analysis of the present and projected enterprise surroundings, the Firm’s funding methods and monetary construction, and methods to boost shareholder worth, the Board determined to keep up the phrases of the earlier three-year program.
- Samsung will proceed to return 50% of the free money circulation generated within the 2024 to 2026 interval.
- The common dividend will stay at an annual whole of KRW 9.8 trillion for 2024-2026.
- As within the earlier program, the Firm will return any remaining portion of the 50% of FCF after dividend payouts.
- After finalizing every year’s outcomes, Samsung will take into account executing an early return past common dividends if there’s potential for a big surplus of capital for shareholder return.
The Firm will take into account implementing a brand new coverage flexibly earlier than the expiration of the proposed one in consideration of M&A actions and money positions.
Shareholders of file as of the top of 2023 will obtain KRW 361 per frequent share and KRW 362 per most well-liked share after approval in March on the annual common assembly of shareholders. It’s the closing quarterly dividend below the coverage protecting 2021 to 2023, by means of which the Firm pledged to return KRW 9.8 trillion yearly in common dividends as part of a complete return of fifty% of free money circulation.
Over the previous three years, Samsung generated a free money circulation of KRW 18.8 trillion. Together with at this time’s declared dividend, the Firm can have returned capital to its shareholders price KRW 29.4 trillion, equal to 157% of free money circulation.
Samsung stays dedicated to delivering sustainable shareholder worth and can proceed to boost long-term worth creation.