KB Financial Group will cancel 5.56 million treasury shares worth 700 billion won acquired through a trust contract from July 24 last year on the 15th. KB Financial estimates last year's annual shareholder return ratio at 53% and expects to maintain that level this year.
KB Financial said on the 14th that while it had expected to buy about 5.72 million treasury shares when it signed the trust contract, the acquisition volume decreased due to a rise in the share price. In contrast, the market value of the acquired treasury shares was about 700 billion won based on the closing price on the 9th, up 40 billion won from the initially expected amount of 660 billion won.
The financial sector estimates KB Financial's total shareholder return ratio last year at 53.5%. With the "separate taxation of dividend income" system introduced this year, the total shareholder return ratio is also expected to stay around 53% this year. The system separates dividend income from high-dividend corporations from comprehensive taxation and applies a lower tax rate (capped at 30%), increasing the incentive for financial companies to raise dividends to pass this benefit on to shareholders.