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Wireless

Samsung starts share buyback, confirms higher dividend

Wednesday 25 January 2017 | 17:47 CET | News
Samsung Electronics has started its share buyback programme, after reporting its annual results. As announced earlier, the company will buy back up to KRW 9.3 trillion. This will be conducted in four phases, the first of which has started, for up to KRW 2.3 trillion in the period to 24 April. Samsung will buy both common and preferred shares, which will then be cancelled. The company also confirmed a year-end cash dividend of KRW 27,500 per common share and KRW 27,550 per preference share. The total cost will be KRW 3.5 trillion. Samsung already paid an interim dividend of KRW 1,000 per

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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