SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 18 Jun, 2024  

LG.9.THmb.jpg LG Electronics to pay $65.2 million in dividends to shareholders

   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
IANS | 18 Jun, 2024

LG Electronics said on Tuesday it will pay out 90 billion won ($65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value.

Shareholders will receive 500 won per share on June 30, according to the company in a filing.

This dividend payout is part of LG Electronics' new shareholder return policy, which includes distributing dividends twice a year and increasing the dividend payout ratio to 25 per cent, reports Yonhap news agency.

Last year, LG Electronics paid out a dividend of 800 won per common share and 850 won per preferred share.

For the first quarter of the year, LG Electronics’ operating profit fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition.

Its first-quarter operating profit came to 1.33 trillion won ($984.9 million), down 11 per cent from 1.5 trillion won a year earlier, the company said in a regulatory filing.

Sales increased 3.3 per cent on-year to 21.09 trillion won, marking the highest for any first-quarter results. The company did not provide the data for net income.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter