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Samsung Electronics to receive $4.5bn in dividends from Samsung Display

Collected: 2024.03.22

Distributed: 2024.03.23

Source: Go Direct

[Photo by Samsung Display Co.]

Samsung Electronics Co. is set to receive about 5.6 trillion won ($4.5 billion) in dividends from Samsung Display Co., a move that will help secure funds for semiconductor investments.

It is the first dividend payment from Samsung Display to Samsung Electronics since its inception in 2012.

According to industry sources on Thursday, Samsung Display held its regular shareholders‘ meeting on Tuesday and decided to allocate 6.65 trillion won in dividends to shareholders, with the dividend payout ratio at 119.4 percent.

Samsung Electronics holds an 84.8 percent stake in Samsung Display, while Samsung SDI Co. holds the remaining 15.2 percent.

Based on their ownership percentages, Samsung Electronics and Samsung SDI are expected to receive dividends of 5.64 trillion won and 1.01 trillion won, respectively.

This dividend payout is a first for Samsung Display and is interpreted as a response to demands from shareholders, including Samsung Electronics.

Last year, Samsung Electronics borrowed 20 trillion won from Samsung Display to secure investment funds for facilities.

Samsung Electronics received 29 trillion won in dividends from its overseas business last year. Samsung Display’s consolidated cash assets amount to 32.8 trillion won.

By Oh Chan-jong and Minu Kim

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