[Special Stock] Redcap Tour Soars Over 12% on Bold Dividend Payout
Travel agency Redcap Tour continues its strong performance on the 14th with a bold dividend policy.
As of 9:52 AM on the same day, Redcap Tour's stock price is trading at 13,290 KRW, up 12.53% from the previous close. During the session, it reached 14,270 KRW, marking a 52-week high. Redcap Tour's stock price also hit the upper limit the day before.
![[Special Stock] Redcap Tour Soars Over 12% on Bold Dividend Payout](http://www.asiae.co.kr/news/img_view.htm?img=2024080807461378867_1723070772.jpg)
This strong performance is analyzed to be a result of the news of a large-scale tax-exempt dividend. The day before, Redcap Tour decided on a cash dividend of 2,000 KRW per common share. Based on the stock price just before the announcement, the dividend yield is about 22.4%. The dividend source is tax-exempt, and the dividend record date is March 12.
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Along with the dividend policy, Redcap Tour's sales last year were 358.8 billion KRW, and operating profit was 43.5 billion KRW, increasing by 6.1% and 12.4% respectively compared to the same period last year.
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