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Dividend Policy

 unit2019202020212022
Earnings per Share 1,208 1,629 1,508 3,258
Dividend per Share 120 180 250 400
Free Cash Flow (A) ₩ M 2,060 9,020 3,693 17,020
Total Dividend (B) ₩ M 800 1,195 1,717 2,761
Payout Ratio (B/A) % 38.8% 13.2% 46.5% 16.2%

* FCF = OCF (Operating Cash Flow) minus CAPEX (Capital Expenditure)
** Payout Ratio = Total dividend / FCF

Dividend Policy to Enhance Shareholders’ Value

  • The company prioritizes investments in both organic and inorganic growth.
  • Thereafter it plans for share repurchases and dividend payouts.
  • The dividend payments are expected to range between 10% and 50% of Free Cash Flow (FCF).