LG Electronics to pay $65.2 mil. in dividends to shareholders
The exterior of LG Twin Tower in Yeouido district, Seoul, in this undated photo. Yonhap
LG Electronics said Tuesday it will pay out 90 billion won ($65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value.
Shareholders will receive 500 won per share on June 30, according to the company in a filing.
This dividend payout is part of LG Electronics' new shareholder return policy, which includes distributing dividends twice a year and increasing the dividend payout ratio to 25 percent.
Last year, LG Electronics paid out a dividend of 800 won per common share and 850 won per preferred share. (Yonhap)