Hankook Tire & Technology (Hankook Tire) under Hankook & Company has decided to raise its dividend payout ratio to 35% by 2027. It will also implement an interim dividend for the first time since its establishment.
Hankook Tire held a board meeting on the 20th at its TechnoPlex headquarters in Pangyo, Seongnam, Gyeonggi Province, and announced that it resolved a medium-term dividend policy agenda (2025-2027) aimed at enhancing shareholder value.
First, it will gradually increase the current dividend payout ratio, which is around 20%, to a maximum of 35% by 2027.
Accordingly, it will implement an interim dividend for the first time in its history. The dividend amount will be 800 won per share, totaling approximately 97.5 billion won, which is 40% of last year's settlement of account dividends. The record date for the interim dividend is September 4th. The amount will be paid to shareholders of Hankook Tire by September 19th, within one month from the board resolution date.
A Hankook Tire official said, "With the payment of the interim dividend, we will provide shareholders with a stable cash flow," and noted, "We will continue to pursue a transparent and predictable dividend policy to build trust with shareholders and establish a foundation for long-term and sustainable growth."