[EQUITIES] Hana Financial projects W3,100 year-end dividends per share for Hyundai Motor
By 김지현Published : Oct. 7, 2016 - 10:12
[THE INVESTOR] Hana Financial Investment on Oct.7 forecast Korea’s largest carmaker Hyundai Motor would hand out year-end dividends of up to 3,100 won (US$ 2.70) per share.
The brokerage also calculated that the annual dividend profit ratio for ordinary shares at 3 percent, and 3 percent for preferred shares.
Further, the carmaker’s third-quarter operating profit was expected to fall 14 percent on-year to 1.3 trillion won, which was lower than market estimates, but still on par with recent projections, Hana said.
By Kim Ji-hyun (jemmie@heraldcorp.com)
The brokerage also calculated that the annual dividend profit ratio for ordinary shares at 3 percent, and 3 percent for preferred shares.
Further, the carmaker’s third-quarter operating profit was expected to fall 14 percent on-year to 1.3 trillion won, which was lower than market estimates, but still on par with recent projections, Hana said.
By Kim Ji-hyun (jemmie@heraldcorp.com)
