By Yun Sang-ho

[Digital Daily]

Seoul, Korea, April 27, 2017- On April 27, 2017, Samsung Electronics Board of Directors (BOD) approved the second phase of the share buyback and cancellation.

It will start on April 28, 2017 and take approximately three months to complete, in which the company will repurchase and cancel 900,000 (nine hundred thousand) common shares and 225,000 (two hundred and twenty-five thousand) preferred shares.

Samsung announced in January’s Q4 2016 earnings release that it would implement a share buyback of KRW 9.3 trillion won in 2017.

The first phase was completed on April 12, 2017. Samsung invested approximately KRW 2.45 trillion and it repurchased and cancelled 1.02 million common shares and 255,000 preferred shares.

The BOD also approved the first quarter dividend of 7,000 won per share for both common and preferred. The quarterly dividend payment will enable Samsung to provide more evenly distributed dividends to our shareholders throughout the year.

네이버 뉴스스탠드에서 디지털데일리 뉴스를 만나보세요.

  • IT언론의 새로운 대안-디지털데일리
    Copyright ⓒ 디지털데일리. 무단전재 및 재배포 금지
· [카드뉴스] 기업의 지속가능성 해법은 결국···
· [카드뉴스] B tv 서라운드, 거실을 영화관으로
· [이지크로] 안전하고 믿을 수 있는 에스크로
  • 동영상
  • 포토뉴스
KT, IoT전기자전거 선봬…출고가 79만원 KT, IoT전기자전거 선봬…출고가 79만원
  • KT, IoT전기자전거 선봬…출고가 79만원
  • LG전자, 로봇 기술 확보 해외로 눈 돌린다…육…
  • AI 경쟁 2막 ‘고도화’…SKT ‘HW도 직접…
  • 선풍기도 IoT…LGU+ IoT선풍기 출시