Fact Source: Financial Supervisory Service DART / 2024-02-23
Disclosure Type: Decision on Cash/In-Kind Dividend
💡 3-Second Summary
Hanwha Systems has decided to distribute a fiscal year-end cash dividend of KRW 280 per common share, totaling KRW 52.36B (dividend yield of 1.68%).
📊 1. [Key Disclosure Details & Financial Figures]
- Dividend Type: Fiscal Year-End Dividend (Cash Dividend)
- Dividend per Share: KRW 280 per common share
- Dividend Yield: 1.68% (Calculated based on the arithmetic average of closing prices over the preceding week ending 2 trading days prior to the record date)
- Total Dividend Amount: KRW 52,358,113,080 (Approx. KRW 52.4B)
- Calculated on 186,993,261 outstanding shares, excluding 1,926,128 treasury shares from total 188,919,389 shares
- Record Date: December 31, 2023
- Scheduled AGM Date: March 25, 2024
- Scheduled Payment Date: Within one month from the AGM approval date pursuant to Article 464-2 of the Commercial Code
- Board Resolution Date: February 23, 2024 (3 Outside Directors attended)
- Other Notes: Subject to potential changes during external audit and AGM approval processes
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing details Hanwha Systems’ board decision regarding its shareholder return payout for FY2023.
According to the disclosed figures, a cash dividend of KRW 280 per common share has been determined, bringing the total payout to approximately KRW 52.4B based on dividend-eligible shares (excluding 1,926,128 treasury shares). The dividend yield stands at 1.68%. This proposal represents a board resolution and remains subject to final approval at the Annual General Meeting of Shareholders scheduled for March 25, 2024, after which payment is slated within one month.
📝 Editor’s Comment (by K-STOCK Editor)
Cash dividend disclosures provide primary figures regarding a company’s year-end capital allocation and shareholder payout metrics. This filing specifies the KRW 280 per share rate, the total payout figure (approx. KRW 52.4B) adjusted for treasury shares, and the 1.68% dividend yield.
For investors, the primary reference point is monitoring whether the proposed dividend resolution passes as submitted at the Annual General Meeting of Shareholders on March 25, 2024, and noting the statutory payment window within one month following AGM approval.
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s DART system.
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