SK hynix considers 16 trillion won special dividend based on Kioxia investment gains
SKHY SK Hynix Inc ADR
$134.38 +5.53%
View chart & analysis → - 1SK hynix is considering a special dividend of 16 trillion won (12 billion dollars).
- 2The company is considering a special dividend rate of approximately 80% of the 20 trillion won expected profit recorded from the Kioxia investment.
- 3SK hynix withdrew plans for its subsidiary Solidigm's US IPO last week.
So what's the key point?
SK hynix is considering giving around 16 trillion won to shareholders based on profits gained from its Kioxia investment. For investors, this is an opportunity to receive a portion of the money the company earned directly.
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