[Special Stock] Redcap Tour Soars Over 12% on Bold Dividend Payout

Travel agency Redcap Tour continues its strong performance on the 14th with a bold dividend policy.

As of 9:52 AM on the same day, Redcap Tour's stock price is trading at 13,290 KRW, up 12.53% from the previous close. During the session, it reached 14,270 KRW, marking a 52-week high. Redcap Tour's stock price also hit the upper limit the day before.

This strong performance is analyzed to be a result of the news of a large-scale tax-exempt dividend. The day before, Redcap Tour decided on a cash dividend of 2,000 KRW per common share. Based on the stock price just before the announcement, the dividend yield is about 22.4%. The dividend source is tax-exempt, and the dividend record date is March 12.

Along with the dividend policy, Redcap Tour's sales last year were 358.8 billion KRW, and operating profit was 43.5 billion KRW, increasing by 6.1% and 12.4% respectively compared to the same period last year.