On July 2, Red Cap Tour announced through the Financial Supervisory Service's electronic disclosure system that it will issue a cash dividend of 300 won per common share. The total dividend amount is approximately 5.01625 billion won, with a dividend yield of about 3.1%.
The record date for the dividend is set for July 20, and the payment is scheduled for August 3. The payment schedule may change based on discussions with relevant authorities.
Last year, Red Cap Tour also provided a quarterly dividend of 300 won per share and a year-end dividend of 500 won per share. The company is expanding its business primarily in long-term car rentals and overseas travel and events, partnering with corporate (B2B) and government/public sector (B2G) clients. As a result, the company reported a record operating profit of 17.9 billion won in the first quarter of this year.
Inyu-seong, CEO of Red Cap Tour, stated, "We proactively announced our dividend plan before the record date to provide predictability for investors regarding dividends."
Meanwhile, Red Cap Tour recorded sales of 92.4 billion won in the first quarter, with 81.3 billion won from car rentals and 11 billion won from travel services. The company employs approximately 340 staff members.
* This article has been translated by AI.
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