LG Electronics disclosed on the 29th that it completed a 100 billion won buyback of its own shares (treasury stock). LG Electronics said it acquired 588,589 common shares and 141,840 preferred shares through a treasury stock acquisition trust agreement signed with NH Investment & Securities in Jan., and that it terminated the trust agreement upon completion of the acquisition.
The acquired treasury shares are scheduled to be canceled within the year to enhance shareholder value. Earlier, LG Electronics announced a shareholder return plan totaling 200 billion won over the next two years through a corporations value enhancement plan at the end of last year.
Having completed a 100 billion won treasury stock buyback this year, it also plans to additionally execute a 100 billion won shareholder return next year. Along with this, LG Electronics will pay an interim cash dividend of 500 won per share for both common and preferred shares.
The dividend yield is 0.3% for common shares and 0.8% for preferred shares, and the total aggregates of dividends is 89.667754 billion won. The record date for dividends is on the 13th of next month, and the scheduled payment date is on the 28th of the same month.
LG Electronics has set the basic (minimum) dividend per share at 1,000 won since 2024, and is paying an interim dividend to contribute to stable cash flow for shareholders and enhance shareholder value.