COSMAX is rising in early trading on the 27th. Buying appears to be flocking to COSMAX on word that it is the first in the cosmetics original design manufacturing (ODM) industry to meet the criteria for a high-dividend company.
As of 10:10 a.m. on the 27th, COSMAX was trading at 198,700 won on the Korea Exchange's main board, up 9,900 won (5.24%) from the previous session.
According to the Financial Supervisory Service's electronic disclosure system on the 26th, COSMAX refiled its "voluntary disclosure of a plan to enhance corporate value" and said it qualifies as a high-dividend company (dividend effort type) under Article 104-27 of the Act on Restriction on Special Cases Concerning Taxation.
According to this, COSMAX paid about 37.4 billion won in profit dividends last year. That is up 43.5% from 26 billion won the previous year, and the dividend payout ratio came to about 28.6%.
Accordingly, shareholders can receive tax benefits through separate taxation on dividend income.
A high-dividend company in the dividend effort category refers to a listed firm whose payout ratio is at least 25% and whose dividends increased from the previous year.
COSMAX also presented a policy to maintain a shareholder return ratio of around 30% based on separate net income going forward.