LG Electronics Announces First Semiannual Dividend of 500 Won per Share... Accelerating Shareholder Returns Expansion

LG Electronics announced on the 18th that it plans to pay a semi-annual dividend of 500 KRW per share this year to enhance shareholder value. This is the first time in the company's history that LG Electronics has paid a semi-annual dividend.

The dividend record date is set for the 30th of this month. The total dividend amount is approximately 90 billion KRW.

This semi-annual dividend is part of LG Electronics' shareholder return policy. Earlier, in March, LG Electronics' ESG Committee announced a new shareholder return policy including ▲ introduction of semi-annual dividends ▲ setting a minimum dividend amount (1,000 KRW per share) ▲ increasing the dividend payout ratio (from 20% to 25%) ▲ changing the dividend record date.

This year's semi-annual dividend corresponds to about 62.5% of last year's annual dividend based on common shares. Last year, LG Electronics paid dividends of 800 KRW per common share and 850 KRW per preferred share.

Typically, the semi-annual dividend portion for major listed companies is around 40% of the annual dividend. Considering this, there is speculation that LG Electronics' annual dividend may exceed the minimum dividend amount.

An LG Electronics representative stated, "LG Electronics plans to continuously strive to increase corporate value by leveraging future growth engines, enabling greater returns to shareholders."