Listed firms' dividends soar 23.5% in H1

Listed firms' dividends soar 23.5% in H1
A flag bearing the corporate logo of Samsung Group waves in front of its office building in southern Seoul. (Yonhap)Dividend payouts by South Korean listed companies jumped nearly 24 percent in the first half of the year amid their strong earnings, a corporate tracker said Monday.

The combined amount of dividends paid out by 140 firms, including top-cap Samsung Electronics Co., came to 9.3 trillion won ($7.9 billion) in the January-June period, up 23.5 percent from a year earlier, according to Leaders Index.

The firms cover those that have announced dividends out of the country’s 2,323 listed corporations.

Despite the surge in the value, the number of dividend-paying firms was down 25 from a year earlier.

Samsung Electronics was the top dividend-paying firm with 4.9 trillion won, which accounted for 53 percent of the total.

KT&G Corp., South Korea’s dominant tobacco company, came next with 595.6 billion won, followed by steel giant POSCO with 529.4 billion won, leading auto parts maker Hyundai Mobis with 370.1 billion won and KF Financial with 292.2 billion won.

A total of 14 companies, including six financial companies, paid out dividends of more than 100 billion won or more in the six-month period.

Hong Ra-hee, the widow of late Samsung Group Chairman Lee Kun-hee, received the largest amount of dividends at 99.2 billion won in the first half, followed by her son and Samsung heir Lee Jae-yong with 70.4 billion won, and her two daughters — Lee Boo-jin and Lee Seo-hyun — with 40 billion won each.  

The elder Lee died on Oct. 25, 2020, at age 78, more than six years after being hospitalized for a heart attack. He had been the country’s richest stockholder for the past 10 years. (Yonhap)

Internet Explorer Channel Network
News Related


Bitcoin price – live: Cryptocurrency soars to all-time high after reaching $66,000

LIVE – Updated at 15:20 © Getty Images bitcoin price crypto ethereum.jpg The price of bitcoin has reached an all-time high after a remarkable positive run. The cryptocurrency broke through ... Read more »

Pension changes are 'one step closer to simpler saving' says DWP Minister - exclusive

And after the uncertainty of the last 18 months, it is more important than ever to understand your pension and how to save for the future. For far too long ... Read more »

Martin Lewis points out 'forgotten gold' as woman pays off £3000 debt in 8 months

Appearing on Nihal Arthanayake’s BBC Radio 5Live show, Mr Lewis spoke to listeners who had phoned in to share their debt free stories. Claire called in and explained she joined ... Read more »

Biden scales down $2 trillion climate change plan

Scaling down his “build back better” plans, President Joe Biden has described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion ... Read more »

NAO begins probing FCA's handling of British Steel transfer debacle

© Provided by City AM The National Audit Office (NAO) has begun its probe into the Financial Conduct Authority’s (FCA) handling of the British Steel transfer debacle. The investigation is ... Read more »

Over 75s missing out on huge financial benefits - what you can do

A further four million don’t have a power of attorney as research shows British families continue to ignore the financial benefits of estate planning. The figures have been released to ... Read more »

Coinbase will offer customers a 'get paid in crypto' direct deposit option

Coinbase signage in New York's Times Square during the company's initial public offering on the Nasdaq on April 14, 2021.Robert Nickelsberg | Getty Images Investing consistently in cryptocurrency just got ... Read more »

Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society

Paul Tudor JonesMichael Nagle | Bloomberg | Getty Images Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the U.S. markets and ... Read more »

48 more Lloyds and Halifax branches being closed

© Provided by This Is Money MailOnline logo Lloyds Banking Group has announced it is shutting 48 more Lloyds and Halifax bank branches across England and Wales. In total, 41 ... Read more »

As bitcoin soars in value again, here's what to think about before you buy

damircudic | E+ | Getty Images It's been a good week for bitcoin, and it may get better. With the first bitcoin futures exchange-traded fund debuting on the New York ... Read more »

Nationwide becomes latest to up mortgage costs ahead of interest rate rises

© PA Archive Bank Stock NATIONWIDE Building Society today put up the cost of some of its most popular mortgages, the latest sign that home loans are getting more expensive. ... Read more »

Norway's government wants to increase housing allowance to help people pay their electricity bills

The high electricity prices are creating problems for those in Norway who have the least. Now the government wants to increase housing benefits in order to compensate people with poor ... Read more »

‘Stop threatening more taxes' Tory MP turns on Rishi Sunak as cost of living set to soar

© Getty Sir John Tweeting on Wednesday, Sir John said the Treasury “keeps threatening more and new taxes. We need to promote a better recovery which means encouraging jobs, investment ... Read more »

Afraid of Making Poor Money Moves? Use Psychology to Predict Your Financial Behavior

It’s always fun to use “reverse” psychology on your kids: “Don’t you dare clean your room!” Sure enough, they run up the stairs, laughing hysterically, to make their beds and ... Read more »

Are Stocks Ready to Break to New Highs?

The stock market (SPY) is on a 5 day winning streak and now less than 1% away from the all time highs. This quickly shakes off weeks of painful pullbacks ... Read more »

Johnson & Johnson Rockets Higher Despite Mixed Results

Blue-Chip Dividend Grower Johnson & Johnson Is A Value If you’re looking for a safe place to park some money with an expectation for capital gains, above-average dividend yields, and ... Read more »

Diamondback Energy Rallies Post-Breakout, Ahead Of Nov. 1 Earnings Report

Diamondback Energy (NASDAQ: FANG)  may be setting up for a fresh round of gains after resetting its base count in August. It cleared a first-stage, cup-shaped base on October 5, ... Read more »

Bobbing for Apple Stock: Why Investors Keep Buying the Dip

Even a mega-cap juggernaut like Apple (NASDAQ: AAPL) isn’t immune to the occasional market-driven or company-specific downturn. It’s just that it doesn’t happen very often. And when it has, it ... Read more »

What's in Store for Boston Properties (BXP) This Earnings Season?

Boston Properties, Inc. BXP is slated to report third-quarter 2021 results on Oct 26, after market close. The company’s quarterly results will likely highlight year-over-year growth in both funds from ... Read more »

Airline Stocks to Watch for Earnings on Oct 21: ALK, AAL, LUV

The rapid spread of the highly contagious Delta variant of the coronavirus across the United States dealt a huge blow to the U.S.-based airline stocks. This is because after being ... Read more »

Kimberly-Clark (KMB) Queued for Q3 Earnings: Things to Note

Kimberly-Clark Corporation KMB is likely to display year-over-year growth in the top line, when it reports third-quarter 2021 numbers on Oct 25. The Zacks Consensus Estimate for revenues is pegged ... Read more »

3 Analyst Favorite Stocks to Buy Now

Having conviction in a stock is a lot easier when you know that some of the best and brightest equity analysts on the street have recommended it. While you should ... Read more »

TechnipFMC (FTI), Talos Energy Unite to Provide CCS Solutions

TechnipFMC plc FTI along with Talos Energy Inc. TALO, a Houston-based independent exploration and production firm, recently established a long-term strategic collaboration to develop and provide technical and economic solutions ... Read more »

Edtech Startup Creative Galileo Raises $2.5 Mn In A Round Led By Kalaari Capital

Singapore-headquartered edtech startup Creative Galileo recently announced that it has raised $2.5 million in a round led by Kalaari Capital. Other investors include prominent angel investors, such as Harish Bahl ... Read more »

Marketing Platform Wondrlab Raises $7 Mn Led By Pi Ventures, Tanas Capital And Others

Platform-first martech startup, Wondrlab, on Wednesday announced that it raised $7 million in funding in the round led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings, and several independent investors ... Read more »

NextEra Energy is a Solid Play on Rising Energy Prices

One of the more intriguing early earnings reports will come from NextEra Energy (NYSE: NEE). NEE stock is up 10% in 2021 which is consistent with other large utility companies such ... Read more »

Apollo Global Management, Inc. (APO) Moves 7.1% Higher: Will This Strength Last?

Apollo Global Management, Inc. (APO) shares rallied 7.1% in the last trading session to close at $73.18. This move can be attributable to notable volume with a higher number of ... Read more »

Finance minister says crypto tax plan still on for next year

Finance and Economy Minister Hong Nam-ki answers questions during a parimentary hearing seasion on Wednesday. (Yonhap) South Korea’s finance minister once again downplayed the possibility of delaying taxation on cryptocurrency ... Read more »

Watch CNBC's Sustainable Future Forum: Industry Response

[The stream is slated to start at 6:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Click on the stream above ... Read more »

Norwegian students ask for help with high electricity bills

Many students in Norway struggle to pay high electricity bills, and the student body Velferdstinget Vest is asking the government for targeted measures. One possible solution is to increase student ... Read more »

Metro Bank lending stalls on mortgage activity

© Provided by City AM Metro Bank’s lending stalled during the third quarter of the year, driven by a weak performance in the high street lender’s mortgage business. The bank, ... Read more »

Martin Lewis issues mortgage warning as millions could see payments jump next month

Martin Lewis is urging mortgage customers to check if they can lock into a cheap deal now over fears rates could rise. The MoneySavingExpert founder pointed out how mortgage rates ... Read more »

BlackRock becomes 3rd-largest shareholder of Hanwha Solutions

A logo of Hanwha SolutionsUS-based investment manager BlackRock has become the third-largest shareholder of energy services company Hanwha Solutions, a filing showed Wednesday. BlackRock’s 11 affiliated entities were holding a ... Read more »

Fitch keeps S. Korea's credit rating at AA-

Cargo ships anchored at Busan Port (Yonhap)Global credit appraiser Fitch Ratings said Wednesday that it would maintain South Korea’s stable credit rating and keep its economic growth projection positive, citing ... Read more »

Boris Johnson's Net Zero ‘hot air' blasted as Brits face tax hikes to fill £37bn black hole

Boris Johnson’s green plan has been deemed “unfit for purpose” as families are set to face tax hikes to fill a £37 billion black hole. The Treasury warned that tax ... Read more »

700,000 over 75s risk missing out on 'financial benefits' for their inheritance

A further four million don’t have a power of attorney as research shows British families continue to ignore the financial benefits of estate planning. The figures have been released to ... Read more »

UK cost of living ‘real cause of concern', says business secretary as price rises dip only slightly

Business secretary Kwasi Kwarteng has described inflation in the UK as “real cause of some concern”, but said he was confident it could be contained in the months ahead. © ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic