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Samsung Electronics decides on 50:1 stock split

NSP NEWS AGENCY, By dILFUZA Sultanova Jo, 2018-02-04 00:15 END7
#Samsung #stock #split

(Seoul=NSP News Agency) dILFUZA Sultanova Journalist = Samsung Electronics held a board meeting on January 31, and announced to increase shareholder value, including splitting stocks. The board of directors resolved to implement on 50:1 stock split as one of the measures to enhance shareholder value.
Samsung Electronics believes that if the par value split is made, more people will have the opportunity to hold Samsung Electronics shares and receive dividend benefits, which will greatly increase from 2018.
In the case of dividend payout in 2017, Samsung Electronics plans to raise 4.8 trillion won, up 20% from 2016. However, as with the shareholding return policy in 2018-2020, Samsung Electronics plans to increase its free cash flow And 50% of the total amount of 5.8 trillion won.
This is an increase of about 46% compared to the annual dividend of KRW 4 trillion in 2016. Accordingly, the board of directors of Samsung Electronics decided to pay a dividend per share of 21,500 won for common stock and 21,550 won for preferred stock.

NSP News Agency/NSP TV dILFUZA Sultanova Journalist, dilfuza@nspna.com
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