Hansae Co. said on the 11th that it recently held a board meeting and decided on cash dividends totaling 23.6 billion won based on last year's settlement of account.
The dividend per share is 600 won, up about 20% from a year earlier. The dividend yield is 4.62% based on the closing price on the 10th.
In particular, the company maximized shareholders' actual returns by structuring 50% of the total dividends fund using a capital reduction dividend method.
Under the capital reduction dividend, capital surplus, not retained earnings, is used as the source, and dividend income tax (15.4%) is not imposed on that amount.
Compared with generally taxed products, the pretax, converted effective dividend return that shareholders feel rises to around the 5% range, the company said.
Vice Chairman Kim Ik-hwan of Hansae Co. said, "We will continue to make every effort to enhance shareholder trust and increase corporate value through a consistent shareholder return policy."