LG Electronics Completes KRW 100 Billion Share Buyback, Declares KRW 500 Interim Dividend Per Share

LG Electronics announced in a regulatory filing today (July 29) that it has completed a share buyback amounting to 100 billion won.

The company stated that it has acquired 588,589 common shares and 141,840 preferred shares through a treasury stock purchase trust contract signed with NH Investment & Securities in January of this year, and has terminated the trust contract following the completion of the acquisitions.

The acquired treasury shares are scheduled to be cancelled within the year to enhance shareholder value.

Previously, LG Electronics announced a total shareholder return plan amounting to 200 billion won over the next two years through its corporate value enhancement plan at the end of last year.

Following the completion of this year's 100 billion won share buyback, the company plans to execute an additional 100 billion won in shareholder returns next year.

Along with this, LG Electronics will issue an interim cash dividend of 500 won per share for both common and preferred stock.

The dividend yield is 0.3% for common shares and 0.8% for preferred shares, with the total dividend amount reaching 89.667754 billion won.

The record date for the dividend is August 13, and the scheduled payment date is August 28.

Since 2024, LG Electronics has set its baseline (minimum) dividend at 1,000 won per share and has been implementing interim dividends to contribute to stable cash flows for shareholders and enhance shareholder value.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.