LG Electronics Decides on 500-Won Interim Dividend per Share... To Cancel 100 Billion Won in Treasury Shares Within the Year
Record Date Set for August 13; Total Dividend Payout Reaches 8.97 Billion Won
Continued Execution of Shareholder Return Policy to Enhance Corporate Value
On July 29, LG Electronics announced, following a resolution by its board of directors, the schedule for its 2026 interim dividend and revealed plans to complete share buybacks worth 100 billion won, with all repurchased shares to be canceled within the year.
LG Electronics set August 13 as the record date for the interim dividend, with a cash dividend of 500 won per share distributed equally to both common and preferred stockholders. The total dividend payout is approximately 8.97 billion won, with the payment scheduled for August 28. Since 2024, LG Electronics has implemented interim dividend payments, establishing a minimum dividend of 1,000 won per share to enhance shareholder value.
Additionally, LG Electronics recently completed the 100 billion won share buyback announced in January and disclosed the termination of related trust contracts. The repurchased shares amount to 588,589 common shares and 141,840 preferred shares, all of which are scheduled to be canceled within the year to improve profitability indicators such as earnings per share (EPS) and book value per share (BPS), as well as to enhance shareholder value.
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LG Electronics had previously declared a shareholder return program totaling 200 billion won over two years as part of a corporate value enhancement strategy announced at the end of last year. The current share buyback and cancellation are part of this policy's execution, and LG Electronics plans to carry out an additional shareholder return worth 100 billion won next year as well.
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