[Featured Stock] Hyundai Motor Preferred Hits 52-Week High on Attractive Dividend Yield and Shareholder Return Expectations

The stock price of Hyundai Motor Company Preferred Shares is on the rise. Attractive dividend yields and expectations for additional shareholder returns appear to be influencing the stock price.

As of 9:38 AM on the 28th, Hyundai Motor Preferred Shares are trading at 192,000 KRW, up 3.00% from the previous day. During the session, the price rose to 194,000 KRW, marking a 52-week high.

Junseong Kim, a researcher at Meritz Securities, stated, "Assuming this year's dividend for Hyundai Motor Preferred Shares applies the same 25% dividend payout ratio as last year, it would amount to 13,100 KRW, resulting in a dividend yield of 7.5%. The common stock dividend yield is 4.5%."

Researcher Kim added, "There is a possibility of a large-scale share buyback. Until now, Hyundai Motor has not executed large-scale share buybacks from the perspective of enhancing shareholder value, but this time it could be different." He continued, "Hyundai Motor has clearly announced its intention to pursue share buybacks, and if conducted at the same payout ratio of 31% relative to last year's earnings as Kia, which has already proceeded, it is expected to be approximately 1 trillion KRW."