Hankook Shell Oil surged more than 7% on the 27th. It announced strong results for last year, and investment funds flowed in after the board meeting the previous day announced dividends of 34,000 won per share (a dividend yield of 7.3%).
As of 9:50 a.m. that day on the Korea Composite Stock Price Index (KOSPI) market, Hankook Shell Oil was trading at 497,000 won, up 33,000 won (7.11%) from the previous session.
Hankook Shell Oil, a refined petroleum products manufacturer, said in a provisional results filing the previous day that last year's standalone revenue was 344.95916 billion won, up 5.4% from a year earlier. Operating profit rose 14.9% to 52.78133 billion won. Net profit came to 48.22796 billion won, up 31.6%.
Meanwhile, Hankook Shell Oil also decided on a cash dividend as part of its shareholder return policy. The dividend aggregates is 44.2 billion won, and the dividend yield is 7.3%.