SK Hynix plans a $12B special dividend from Kioxia gains
Bloomberg reported Sunday that SK Hynix plans a special dividend of about $12B (16 trillion won), roughly 80% of its Kioxia stake sale gains. Details come with Q3 earnings Wednesday.
Q3 operating profit is tipped near 77 trillion won, so the payout is about 21% of one quarter's profit.
Sources: @business: SK Hynix plans to return about 80% of the gains from selling down its stake in Kioxia through a special divid · @NEWS2082680: SK hynix earnings are tipped to approach a record KRW 77T
Not financial advice. For informational and educational purposes only.
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