The Seoul Guarantee Insurance (SGI) said Tuesday that it has disclosed a decision to pay a quarterly cash dividend of 573 won per common share.
The dividend per share is at a level of 1.3% of the stock price, with the total dividend amount approximately 40 billion won. The record date for the dividend is scheduled for the 18th, and the payment date is expected to be the 2nd of next month. Following the previous quarter's dividend payout totaling 30 billion won, Seoul Guarantee Insurance has confirmed cash quarterly dividends for two consecutive quarters.
This quarter's dividend saw a slight increase in both the total dividend amount and the dividend per share compared to the previous period. It is expected that shareholders will secure opportunities for greater profit creation, such as expanding reinvestment opportunities, through faster cash inflows from the quarterly dividend.
The minimum annual dividend per share disclosed by SGI for this year is 2,865 won. Following this quarter's dividend, the final settlement dividend to be confirmed in early next year is expected to be at least 1,862 won per share.
SGI also presented meeting the criteria for a high-dividend company as a core objective of its shareholder return policy for this year. In particular, from the 2021 fiscal year settlement through last year's settlement, the company has maintained a dividend payout ratio of over 50% for five consecutive years and paid total dividends exceeding 200 billion won.
An SGI official said, "We will continue to pursue guaranteeing an annual shareholder return amount of 200 billion won through the 2027 fiscal year. We plan to maintain an aggressive and differentiated policy that keeps the shareholder return rate at 50% or higher."
in FINANCE
