South Korean firms’ interim dividends surge


High yield: People walk past the Samsung flagship store in Seoul. The company’s half-year dividend was up 333% from a year ago. — AFP

SEOUL: South Korean listed companies’ half-year dividends surged to a record high this year as their businesses posted strong performance, market data showed Sunday, Yonhap reported.

A total of 62 local listed firms paid out 4.39 trillion won (US$3.75bil or RM15.52bil) in interim dividends in June, up 66.9% from a year earlier, according to the data from market tracker FnGuide.

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