[Disclosure] SK Hynix (000660) Finalizes Year-End Cash Dividend at 1,304 KRW: Sets Annual General Meeting for March 27

Source Fact: Financial Supervisory Service Electronic Disclosure System (DART) / February 27, 2025

Disclosure Type: Report on Correction (Amended Disclosure of Corporate Resolution on Cash/In-Kind Dividend Payout)

💡 3-Second Summary

SK hynix has marginally revised its year-end cash dividend to 1,304 KRW per share due to shifting share counts from recent treasury stock disposals, locking in a total year-end payout of approximately 900.2 billion KRW. Concurrently, the date for the 77th Annual General Meeting of Shareholders has been officially locked in for March 27, 2025.

📊 1. Key Disclosure Content & Major Figures Summary

• Dividend Type & Allocation: Fiscal Year-End Dividend / Cash Dividend (No differential dividend structure applied).
• Adjusted Dividend Per Share:1,304 KRW for Common Stock (Slightly reduced by 1 KRW from the pre-adjusted 1,305 KRW).
  • Annual Aggregate Context: This represents the final quarter-end tranche, excluding the 900 KRW per share already distributed via quarterly payouts earlier in 2024. Combined, the total annual dividend stands at 2,204 KRW per share.
• Final Aggregate Dividend Payout:900,209,267,120 KRW (Approx. 900.2 Billion KRW).
  • Amended upward from the initial 899.6 billion KRW allocation. Total payout increased by roughly 570 million KRW as treasury stock disposals expanded the total pool of eligible outstanding dividend-paying shares.
• Dividend Yield Ratio: 0.6% for Common Stock (Calculated using the 1-week arithmetic mean closing price prior to the board resolution).
• Dividend Record Date: February 28, 2025.
• Scheduled Annual General Meeting: March 27, 2025 (Updated from the previous “Undetermined” status).
• Payment Timeline: In compliance with Article 464-2 of the Korean Commercial Code, funds are slated for distribution within one month following official approval at the upcoming AGM.

📈 2. Expert View: Market and Stock Price Impact Analysis

• Short-term Impact (Neutral): This corrective filing does not represent a retraction or structural downscaling of SK hynix’s core shareholder return program. It is a technical adjustment driven by a change in the denominator. Between the initial board resolution (January 23) and the formal convocation notice (February 27), the company executed treasury stock transfers (e.g., employee share-based compensation), turning non-dividend-paying treasury assets into active outstanding equity. Since the total corporate cash deployment (the dividend pie) actually grew, the 1 KRW reduction in per-share metrics will have a neutral immediate effect on order book dynamics.
• Long-term Impact (Positive / Sustained Institutional Trust): Providing clarity on the dividend timeline—with the record date (February 28) and the general assembly (March 27) locked into the macro calendar—enhances corporate predictability for cross-border funds. Formally establishing an annual cash distribution scaling over 1.5 trillion KRW (inclusive of quarterly tranches) validates that high-velocity cash inflows generated by the High Bandwidth Memory (HBM) boom are flowing cleanly back to shareholders. This predictable cash profile will attract robust long-only dividend income allocators, securing a higher structural floor for the stock’s valuation multiples.

📝 Editor’s Comment (by K-STOCK Editor)

SK hynix’s minor dividend revision represents a routine cap-table synchronization frequently observed right before large-cap proxy seasons. Foreign allocators should not fall for numerical illusions and assume that management is scaling back capital returns simply because the headline per-share figure shifted from 1,305 KRW to 1,304 KRW.

The real metric to note is the aggregate cash payout, which expanded from 899.6 billion KRW to 900.2 billion KRW—marking a net cash addition of roughly 570 million KRW to the corporate distribution pool. In simpler terms, when SK hynix moved non-dividend-paying treasury stock into employee hands for corporate incentive alignments, it effectively enlarged the pool of common stock entitled to cash payouts. By finalizing this cap-table equation just one day ahead of the February 28 record date, the financial department has closed the loop on fiscal cash modeling. Paired with the locked-in March 27 assembly timeline, this clean, friction-free disclosure removes administrative ambiguity and highlights strong governance execution.

📢 Disclaimer & Source Information

• Source Information: This document has been systematically processed and structured based on official corporate amendment data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART) in South Korea.
• Investment Risk Warning: The content provided herein is intended solely for informational and linguistic reference purposes. Under no circumstances does this material constitute financial advice, investment legal consulting, or an endorsement/solicitation to buy or sell specific equities. All final investment decisions and associated financial liabilities rest exclusively with the individual investor.
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