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Wireless

Samsung announces 50:1 stock split, raises div again

Wednesday 31 January 2018 | 09:45 CET | News
Samsung said it has approved a 50:1 stock split, saying this will make investing in Samsung more accessible and provide dividends to a wider range of investors from 2018. The split is also expected to add both liquidity and marketability to the stock, and contribute to enhancing corporate value in the long term. Samsung also upped its 2017 annual dividend by 46 percent year-on-year to KRW 5.8 trillion. The company earlier announced an annual dividend of KRW 4.8 trillion, up 20 percent from the year before. It then decided to allocate 50 percent of the free cash flow to the 2017 annual

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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