Dividend-Related Issues

  1. 1) Dividend Policies
    • Secures a set amount of management outcomes as earnings for the shareholders who have invested in the company
    • Offers quarterly (interim) dividends to carry out the shareholder-centered management principle
    • Implements high dividend payout based on previous payout ratios (30 percent) and priority payout for preferred shareholders
  2. 2) Restrictions on Dividend Payout --- Regulations on Preferred Shares (Clause 8.2, Articles of Incorporation)
    • The payout ratio for preferred shares shall be set at a minimum of nine (9) percent against their face value according to the decisions of the board of directors at the time of their issuance. In the case wherein the payout ratio of common shares exceeds that of preferred shares, the equivalent ratio against the exceeded number shall be applied to the preferred shares for payout.
    • In the case wherein a set amount of dividend payout for the year cannot be made to preferred shareholders, such payout shall be accumulated and carried over to the payout for the following year and provided to the shareholders prior to any other payment.
    • The voting right of stockholders shall not apply to the preferred shares issued by Daekyo Co., Ltd., except for the period between a general meeting that immediately follows one wherein a decision was made not to allow a set amount of payout for preferred shares and the conclusion of a meeting wherein an agreement was reached to allow preferred dividend payout.

Status of Dividend for the Past Five Fiscal Years

(Unit : no. of shares)
Category 2020 2019 2018 2017 2016
Face value per share (KRW)‏ 500 500 500 500 500
Net income (unit: KRW 1 million)‏ -29,816 18,613 19,454 40,697 44,491
Net profit per share (KRW) -352 215 213 454 479
Total dividends(cash) (unit: KRW 1 million) 8,484 14,818 18,636 21,622 21,795
Total dividends(share) (unit: KRW 1 million) - - - - -
Dividend payout ratio (cash) (%) - 88 98.9 53.1 49.0
Dividend yield (cash) (%) Common stock 2.7 2.8 3.2 2.9 2.9
Preferred stock 4.4 4.3 4.6 4.9 4.8
Dividend yield (share) (%) Common stock - - - - -
Preferred stock - - - - -
Dividend per share (cash) (KRW)‏ Common stock 100 170 210 240 240
Preferred stock 110 180 220 250 250
Dividend per share (share) Common stock - - - - -
Preferred stock - - - - -
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