[Featured Stock] Lotte Innovate to Achieve 10% Annual Growth by 2028 through Mobility Business and More
Lotte Innovate is on the rise. It appears that the announcement to strengthen dividends along with an average annual growth of 10% until 2028 to enhance corporate value has had an impact.
![[Featured Stock] Lotte Innovate to Achieve 10% Annual Growth by 2028 through Mobility Business and More](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 2:08 PM on the 30th, Lotte Innovate was trading at 23,100 KRW, up 400 KRW (1.76%) from the previous trading day.
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Through a disclosure the day before, Lotte Innovate announced its plan to enhance corporate value. The company aims to achieve a compound annual growth rate (CAGR) of over 10% in sales by 2028 and plans to strengthen new businesses such as mobility and expand globally. Additionally, it intends to pursue an active shareholder return policy by maintaining a dividend payout ratio of over 30%.
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