Last checked at 24 Jan 2017 10:37
Samsung Electronics Co., Ltd. Declares Year-End Cash Dividend for FY2016
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today that its Board of Directors at their meeting on January 24, 2017 authorized the cash dividend plan, payable to the shareholders of record at the close of business on December 31, 2016 as follows:
1. Dividend per Share (Dividend Yield)
- Common Shares: KRW 27,500 (1.53%)
- Preferred Shares: KRW 27,550 (1.94%)
※ Dividend yield is calculated by dividing dividend per share by the average stock price for the week prior to
two days before the record date based on KRX guideline.
※ For 2016, the total cash dividend payable for each common shares is KRW 28,500 per share
and KRW 28,550 per share for each preferred shares, which includes the interim dividend of
KRW 1,000 per share paid on August 17, 2016 with respect to both common shares and
preferred shares.
2. Total Amount Appropriated for Year-End Cash Dividend: KRW 3,850.35 billion
※ Total Dividend Payout Amount for 2016 : KRW 3,991.89 billion
(including KRW 141.54 billion the amount paid as interim dividend on August 17, 2016)
3. Record Date: December 31, 2016
※ Dividend payments will be made to only those shareholders who are shareholders of record at the close of business on record date, as listed on the shareholders' registry on the record date.
※ Dividend payments will be made within 30 days of the date that is the date of the Annual
General Meeting of Shareholders ("AGM"), and such dividend payment and the payment
amounts will be subject to approval and ratification by a vote of the shareholders at the AGM.
This disclosure contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could significantly affect actual results from those expressed in any such forward-looking statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in Samsung Electronics Co., Ltd.'s ("SEC") core businesses and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events, (iii) currency exchange rates, (iv) changing levels of competition, (v) changes in laws and regulations, (vi) general competitive factors, in each case on a local, regional, national and/or global basis. The matters discussed herein may also be affected by risks and uncertainties described from time to time in SEC's filings with the Korea Stock Exchange (KRX), Financial Supervisory Service (FSS Korea), and Samsung Website. (http://www.samsung.com/us/aboutsamsung/ir/newsMain.do) Further information about risks and uncertainties affecting Samsung Electronics Co., Ltd. is included throughout our most recent annual and interim reports, as well as our most recent earnings release, which are available on http://www.samsung.com/us/aboutsamsung/ir/newsMain.do. The company assumes no obligation to update any forward-looking statement.