SK Hynix plans to distribute special dividends totaling 16 trillion Korean won

Odaily Report: SK Hynix plans to return 80% of the proceeds from the sale of its stake in Japanese NAND flash manufacturer Kioxia to shareholders in the form of special dividends, with the total dividend amount expected to be approximately 16 trillion Korean won (more than 7 times the total dividend payout for all of last year).

According to reports, SK Hynix's proceeds from the sale of its Kioxia stake are expected to be approximately 20 trillion Korean won. Based on the currently issued share count, the special dividend per share is expected to be approximately 23,000 Korean won, equivalent to about 15 times the current annual fixed dividend. According to industry sources, the company is expected to announce the plan when it releases its third-quarter earnings report on October 28, and is currently considering whether to pay in installments.

In addition, SK Hynix's previously announced 40 trillion Korean won share buyback and cancellation plan was completed ahead of schedule on October 21. (The Dong-A Ilbo)