Samsung SDI "Facility Investment Needed for Mid- to Long-Term Growth... No Cash Dividends for 3 Years"

Samsung SDI has decided not to pay cash dividends for three years from this year until 2027 due to facility investments for mid- to long-term growth.

On the 24th, Samsung SDI stated, "We expect a continued deficit in free cash flow, which is the source of dividends, due to facility investments for mid- to long-term growth," and added, "We plan to suspend cash dividends for three years starting in 2025 and focus resources on strengthening growth engines." Furthermore, the company explained, "We will comprehensively consider future management performance, cash flow, and investment plans to reestablish the shareholder return policy in 2028."

Earlier that day, Samsung SDI, which held a board meeting, resolved a dividend of 1,000 KRW per common share and 1,050 KRW per preferred share for this year. On the same day, Samsung SDI disclosed that its sales for the fourth quarter of last year were 3.7545 trillion KRW, with an operating loss of 256.7 billion KRW. Sales decreased by 28.8% compared to the same period last year, and operating profit turned to a loss.