CS Wind, a global manufacturer of wind towers and offshore wind substructures, announced on the 20th that it has decided to pay a cash dividend of 1,000 won per share. This is double last year’s dividend (500 won per share) and represents the highest level ever.
The total amount of dividends is 41.4 billion won. Over the past five years, the aggregates of dividends have increased by an average of 42.2% annually since 2019.
The company cited its record-high performance as the background for the cash dividend decision.
CS Wind's cumulative performance until the third quarter shows sales of 2.4 trillion won and operating profit of 229.2 billion won, significantly exceeding the annual sales target of 1.5 trillion won and operating profit of 104.6 billion won for 2023.
A representative from CS Wind said, “We will continue to enhance shareholder value and expand our medium- to long-term shareholder return policy.”