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Samsung offers small increase in dividend

Wednesday 6 November 2013 | 10:27 CET | News
Samsung Electronics has said it may increase its dividend, amid investor pressure to hand over some of its cash to shareholders. At an analyst meeting in Seoul, the company's first such event in eight years, CFO Lee Sang-hoon said the company "will put more emphasis on direct shareholder returns", the Financial Times reports. He promised that this year's dividend would be about 1 percent of the average share price for the year, compared with 0.6 percent in 2012. Samsung's net cash is expected to rise from KRW 14.6 trillion (USD 13.8 billion) at the end of 2011 to KRW 26.9 trillion this year

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Categories: Mobile & Wireless
Companies: Apple / Samsung
Countries: World
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