* Cash dividend per share of KRW 1,600
* Proactive returns for shareholders with stable prospects
has decided to pay an interim dividend per share of KRW 1,600 during the board
meeting that was held last December 26, 2017. As the first interim dividend to
be paid after the founding of the company, the total interim dividend is
expected to reach KRW 149.1 billion, which is 25% of the previous year’s
dividend per share of KRW 6,400.
decision, which was issued during the middle of the business year, is
interpreted as a show of confidence in the capacity of the company to provide
strong financial returns. SK Innovation has indeed managed to provide the
highest business results in its history during the first quarter of the year,
thanks to the results of its preemptive structural reforms that were centered on
chemicals, lubricants, and other non-prospective businesses.
has historically focused on providing stable amounts of dividends in its payouts.
With the projections of favorable returns for this year, SK Innovation is
expected to step up its dividends policy in a more proactive way.
dividends are expected to be wired to the personal accounts of the shareholders
within one month after the decision was made.