Plantynet Implements First Interim Dividend Since Listing

IT solutions specialist company Plantynet is enhancing shareholder value by implementing an interim dividend for the first time since its listing.

On July 30, Plantynet announced via public disclosure that its board of directors had resolved to pay an interim dividend of 100 won per common share.

On July 30, Plantynet held a board of directors meeting and announced it decided on an interim dividend of 100 won per common share. The total dividend payout amounts to approximately 1,558,660,000 won, with a market dividend yield of 5.0% based on common stock. The record date for the dividend is August 14, and the payment date is August 27.

This interim dividend will be implemented for the first time following the introduction of a new provision in the company’s articles of incorporation regarding interim dividends during today's extraordinary general meeting. Previously, on June 18, Plantynet had held a board meeting to resolve amendments to the articles of incorporation to introduce interim dividends and publicly disclosed the convening of a general meeting of shareholders.

Since 2007, Plantynet has paid a year-end dividend of 100 won per share annually for about 20 years. With the introduction of the interim dividend, the frequency of dividend payouts will increase from once to twice per year, expanding the scale of shareholder returns. Last month, the company also decided to cancel 500,000 treasury shares as part of its various efforts to enhance shareholder value.

A Plantynet representative stated, "The introduction of interim dividends not only increases the frequency of dividend payouts but also systematizes our shareholder value enhancement and shareholder return policies," adding, "Based on our stable profit generation, we plan to continue considering various shareholder-friendly policies going forward."

This content was produced with the assistance of AI translation services.