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Dividend
Dividend Policy
SK Chemicals specifies matters related to the distribution of profits through cash and stocks to enhance shareholder value in its articles of incorporation and continues to expand its dividend policy. SK Chemicals has formulated and announced a mid-term dividend policy to enhance predictability of investor returns by specifying the size of shareholder returns. To enhance predictability for investors, the policy duration is set at three years, and the policy will be reviewed after this period to reflect changes in the environment.
[2021-2023] Mid-Term Dividend Policy
- (Based on separate net income, excluding extraordinary gains and losses) Determine total dividend amount at a dividend payout ratio of around 30%
- Implement interim dividends from 2022
※ For more details, please refer to [Investor Relations > IR > IR Library].
Dividend Status
SK Chemicals has gradually increasing dividends since the corporate split in 2017, considering factors such as investment for sustainable growth, business performance, shareholder value enhancement, within the range of distributable profits. The dividend status for the past 5 year is as follows:
(Based on a separate basis / Unit: billion won)
| Category | '18 | '19 | '20 | '21 | '22 | '23 | |
|---|---|---|---|---|---|---|---|
| Operating Profit | 557 | 525 | 484 | 823 | 1,075 | 854 | |
| Net Income | 166 | 271 | 2,157 | 3,025 | 693 | 418 | |
| Dividend per Share (KRW) | Common Stock | 400 | 450 | 2,000 | 3,000 | 1,500 | 650 |
| Preferred Stock | 450 | 500 | 2,050 | 3,050 | 1,550 | 700 | |
| Number of Dividend Shares (Thousand shares) | Common Stock | 11,568 | 11,730 | 11,729 | 17,590 | 17,200 | 17,223 |
| Preferred Stock | 1,457 | 1,457 | 1,314 | 1,967 | 1,967 | 1,967 | |
| Total Cash Dividends | 53 | 60 | 262 | 588 | 288 | 126 | |
| Dividend Payout Ratio | 31.8% | 22.2% | 12.1% | 19.4%Note 1) | 41.7% | 30.1% | |
| Dividend YieldNote 2) | 0.7% | 0.7% | 0.5% | 2.0% | 1.9% | 1.0% | |
- Note 1) '21 Dividend Payout Ratio (excluding extraordinary gains) 81.3%
- Note 2) Common stock dividend yield
- * '22, '23 Cash Dividend Total includes interim dividends (DPS 400 won for common/Preferred shares each).