Daol Investment & Securities (CEO Hwang Junho) held a board meeting on March 3 and put forward an ordinary dividend of 240 won per share and the appointment of new outside directors as agenda items for the upcoming shareholders' meeting.
Daol Investment & Securities achieved a consolidated net profit of 43.9 billion won last year, returning to profitability, and has strengthened its shareholder return policy. The company aims to enhance trust with shareholders by focusing on predictability through a consistent dividend policy.
The board resolved to propose a cash dividend of 240 won per common share. This is a 60% increase compared to the previous year’s 150 won, with the total dividend amount, including preferred shares, reaching 16.8 billion won. The payout ratio is 41%, meeting the government’s “high-dividend company” requirement of a payout ratio of at least 40%. The record date for the dividend is March 18.
The appointment of new outside directors was also included as an agenda item. The candidates recommended are Han Jongbok, former CEO of Raum Asset Management, and Moon Jongguk, attorney at law in the United States.
Other agenda items include the establishment of regulations for the introduction of electronic shareholders’ meetings, the renaming of independent directors, and an increase in the number of separate audit committee members. The proposed items are expected to be finalized at the 46th regular shareholders’ meeting scheduled for March 20.
A representative from Daol Investment & Securities stated, “This dividend decision reflects management’s commitment to participating in the government’s policy direction focused on enhancing shareholder value and strengthening market trust. We will further reinforce our shareholder-friendly management through a consistent shareholder return policy based on stable performance.”
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