Stellar performance: Visitors try Samsung Electronics Galaxy S8 smartphones at its shop in Seoul. The company’s stock split is the latest in a series of moves to bolster shareholder returns, including 5.8 trillion won (US5.4bil) in annual dividends. — AP
SEOUL: Samsung Electronics Co Ltd has announced its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip “super-cycle”.
The tech giant’s stock split is the latest in a series of moves to bolster shareholder returns, including 5.8 trillion won (US$5.4bil) in annual dividends and 9.2 trillion won in share buybacks and cancellations in 2017.
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