Ubiquoss "Implementing shareholder return policy of over 1,000 KRW per share this year... Considering bonus stock issuance"

Ubiquoss, a wired network equipment manufacturer, announced a strong shareholder return policy on the 27th, including high dividends, share buybacks, cancellations, and a bonus issue.

According to Ubiquoss, it has decided to implement shareholder returns equivalent to 30% of consolidated net profit for the next three years starting this year. This year, to enhance shareholder value, an additional 10% was added, confirming a total shareholder return of 40%.

Accordingly, shareholder returns of more than 1,000 KRW per share will be implemented this year. This is double the previous dividend level, which was equivalent to 20% of consolidated net profit.

In particular, the bonus issue is the first in four years since 2020. It will be carried out through a board resolution after completing the implementation of stock return policies such as dividends, share buybacks, and cancellations.

CEO Lee Sang-geun emphasized, "We plan to implement a continuous shareholder return policy, not a one-time event, for mid- to long-term growth and enhancement of shareholder value," adding, "True enhancement of shareholder value is company growth, so we will also focus more on business diversification and mergers and acquisitions (M&A)."