Daol Investment & Securities held a board meeting on the 3rd and resolved to propose a cash dividend of 240 won per common share. The company's annual general meeting is scheduled for March 20.
Daol Investment & Securities achieved consolidated net income of 43.9 billion won last year, successfully returning to profitability. As part of efforts to strengthen shareholder return policies, the company increased its cash dividend by 60% compared to last year's 150 won. The total dividend amount, including preferred shares, is 16.8 billion won.
The dividend payout ratio stands at 41%, meeting the government's "high-dividend company" requirement of 40% or above. The record date for dividends is March 18.
The board also proposed the appointment of new outside directors. The nominees are Han Jong-bok, former CEO of Raum Asset Management, and Moon Jong-guk, a U.S.-licensed attorney. Other agenda items include establishing provisions for electronic shareholder meetings, changing the title of independent directors, and expanding the number of separately elected audit committee members.
A Daol Investment & Securities official said, "This dividend reflects management's commitment to align with the government's policy focus on enhancing shareholder value and to solidify market trust." The official added, "We will strengthen shareholder-friendly management through consistent shareholder return policies based on stable performance."
The proposed agenda items will be finalized at the 46th annual general meeting.