SEOUL, July 29 (AJP) - LG Electronics said Wednesday its board had approved an interim cash dividend of 500 won per common and preferred share and completed a previously announced 100 billion won share buyback as part of its shareholder return policy.
The company set Aug. 13 as the record date for the interim dividend, with payments scheduled for Aug. 28. The total dividend payout amounts to about 89.7 billion won.
LG Electronics said it has maintained a minimum annual dividend of 1,000 won per share since 2024 and introduced interim dividends to provide shareholders with more stable cash returns.
The company also said it had completed the repurchase of 100 billion won worth of treasury shares announced in January, acquiring 588,589 common shares and 141,840 preferred shares. The repurchased shares will be cancelled within this year to enhance shareholder value.
The measures are part of LG Electronics' shareholder return plan announced late last year, under which the company pledged to return a total of 200 billion won to shareholders over two years. It plans to implement an additional 100 billion won shareholder return program next year.
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