On the 16th, Misto Holdings said it held a board meeting the previous day and resolved to buy back 20 billion won worth of its own shares and pay a special dividend.
The record date for the special dividend was set for the 30th, and the specific dividend amount and payment timing will be disclosed in Nov. after board approval at a later date. Misto Holdings has continued special dividends for four consecutive years since 2022.
This is part of the "mid- to long-term shareholder returns of up to 500 billion won over three years" plan that Misto Holdings announced early this year. In just the first half of this year, Misto Holdings approved the repurchase of about 150 billion won worth of its own shares. Including this buyback, the cumulative share repurchases this year amount to 170 billion won.
Lee Ho-yeon, head of corporate strategy at Misto Holdings, said, "It shows the company's firm commitment to enhancing shareholder value," and added, "We will continue to pursue trusted, shareholder-friendly management through various shareholder return policies such as share buybacks and dividends, while strengthening the foundation for long-term growth."