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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Jisun] Doosan Bobcat announced plans to increase its shareholder return ratio and dividends to the highest level in the industry and to repurchase treasury shares worth 200 billion KRW. This is part of a value-enhancement plan aimed at appeasing shareholders after the company's failed attempt to merge with Doosan Robotics following its spin-off from Doosan Enerbility.
On the 16th, Doosan Bobcat unveiled its "Value-Up Plan," which includes raising the shareholder return ratio, setting a minimum dividend, and repurchasing and retiring treasury shares. The company set a target shareholder return ratio of 40%, surpassing the domestic industry and manufacturing sector averages. Last year, Doosan Bobcat's shareholder return ratio was around 17%. The shareholder return ratio is calculated by dividing the costs used for dividends, share buybacks, and retirements by net profit.
Starting this year, Doosan Bobcat will guarantee a minimum dividend of 1,600 KRW per share. In 2022 and last year, the company distributed 1,350 KRW and 1,600 KRW per share, respectively.
To further enhance investment stability, Doosan Bobcat decided to switch from semi-annual dividend payments to quarterly payouts. From the first to the third quarter of next year, shareholders will receive 400 KRW per share at the end of each quarter. For the fourth quarter, the year-end dividend will be a minimum of 400 KRW per share. Depending on the shareholder return ratio and market conditions, the company may also consider additional dividends or share buybacks.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
