HS Ad's stock is strong on the 14th.
According to the Korea Exchange, as of 9:26 a.m. on this day, HS Ad is trading at 8,560 won, up 590 won (7.40%) from the previous trading day.
This is interpreted as a result of HS Ad's announcement the previous day of a plan for "enhancing corporate value" as its key objectives, which include increasing shareholder returns, improving return on equity (ROE), and enhancing corporate governance.
HS Ad plans to increase its basic dividend payout ratio, which was over 30% of net income based on consolidated financial statements, to over 50% over the next three years. Afterward, it plans to raise it to a maximum of 60%. Additionally, it aims to provide an extra dividend of 300 won per share each year for the next three years.
Furthermore, for the first time this year, an interim dividend will be implemented. The dividend will be 100 won per common share, totaling 1.62 billion won, with a dividend yield of 1.2%. Moreover, HS Ad plans to retire all 359,765 of its treasury shares (2.17% of total issued shares) within the year.