Cleverse, 2,000 KRW Dividend Per Share... "Continued Shareholder Returns"

Convergence thinking platform company Creverse continues its shareholder return policy through high dividends.

On the 8th, Creverse held a board meeting and announced the decision to pay a year-end dividend of 1,000 KRW per common share. With this, Creverse's annual dividend, including the interim dividend, was set at 2,000 KRW. Based on the recently undervalued stock price, this corresponds to a dividend yield of 12.5%.

Creverse's shareholder return rate further increases as it conducts tax-exempt dividends according to the Income Tax Act Enforcement Decree by converting 95 billion KRW of capital reserves generated through the 2022 merger into retained earnings. Considering that the dividend income tax of 15.4% and comprehensive income tax are exempted, the actual dividend yield experienced by shareholders is expected to rise even more.

Kim Jin-bin, Vice President of Creverse, said, “Despite the company's improving fundamentals, the investment sentiment toward education stocks has deteriorated, so capital gains for shareholders have not been high.” He added, “Since the KOSDAQ listing, we have maintained the dividend policy every year and have strengthened it by paying a high dividend of about 2,000 KRW per share annually in line with performance since 2021.” He continued, “We will continue to maintain the shareholder return policy based on solid performance growth.”