Mgame has introduced its first quarterly dividend since its founding.
Mgame said on the 3rd that its board resolved to pay a quarterly cash dividend of 110 won per share. The total dividends amount to 2 billion won, and the record date was on the 2nd. The scheduled payment date is on the 14th.
This quarterly dividend is part of a plan to enhance corporate value released in March, expanding the dividend cycle from once a year to a quarterly basis.
Chief Executive Kwon I-hyeong of Mgame said, "The introduction of this quarterly dividend is a meaningful start that strengthens shareholder returns to the next level, following the purchase and cancellation of treasury shares and executives' purchase of treasury shares," adding, "We will continue to build a company that grows with shareholders based on an active dividend policy and responsible management."
Earlier, to stabilize the share price and enhance corporate value, Mgame decided to acquire treasury shares worth about 2 billion won in May and 2 billion won in June, totaling 4 billion won, over two rounds. Of these, all 430,000 shares acquired in May will be canceled.
In addition, four registered executives—including Chief Executive Kwon I-hyeong, Inside Director Jo In-han, Inside Director Hong Deung-ho, and Inside Director Lee Jae-chang—recently purchased treasury shares of 50 million won each as part of responsible management.
Meanwhile, Mgame plans to expand its game lineup in the third quarter of this year by launching an idle mobile game using the popular intellectual property (IP) "Ghost Soul," unveiling a new project that modernly reinterprets the "Poongrim Hwasan" IP, and adding one mobile game publishing service.