Daishin Securities will put on the agenda of its regular shareholders meeting a proposal to pay a dividend of 1,200 won per common share. At the same time, it also laid out a plan to focus on shareholders' equity over the mid to long term to move toward becoming a mega investment bank (IB).
Daishin Securities said on the 10th that it held a board meeting on the 9th and will submit items such as a decision on cash and in-kind dividends to the shareholders meeting agenda. The items are set to be finalized after approval by the regular shareholders meeting and the board of directors on the 24th.
Daishin Securities resolved to pay dividends of 1,200 won per common share, 1,250 won per preferred share, and 1,200 won for Class 2B. The dividend aggregates are about 94.4 billion won. The record date for the dividend is Mar. 27.
Daishin Securities plans to maintain a stable dividends policy while strengthening its growth base over the mid to long term by boosting capital. It designated the period through 2028 as a "capital expansion period" and will focus on strengthening shareholders' equity and business competitiveness. The core is expanding the capital base with an eye on entering the mega IB tier.
It then set the period through 2030 as a "profit expansion period" and presented a target of achieving a 10% return on equity (ROE) on a consolidation basis. The strategy is to expand profits through capital expansion and then build a virtuous cycle that strengthens shareholder returns. It noted that after the capital expansion phase is completed, the capacity for returns can grow further along with profit growth.
Starting this year, it will also pursue tax-exempt dividends using capital reserves. The aim is to lower the tax burden on individual shareholders and raise the effective dividend yield.
In addition, the board placed on the agenda: ▲ approval of the fiscal year 2025 financial statements ▲ approval of plans to hold and dispose of treasury shares ▲ election of directors. The director election items include the reappointment of Vice Chairman Yang Hong-seok and the appointment of Executive Vice President Jin Seung-uk as a registered executive.
Jeong Min-uk, head of corporate planning at Daishin Securities, said, "While maintaining a stable dividends policy, we will lay the groundwork for growth by strengthening capital and business competitiveness," and added, "We will enhance profitability and corporate value and expand shareholder returns."