Based on Improved Performances
The Financial Supervisory Service announced on March 8 that Mirae Asset Daewoo’s dividends for the fiscal year of 2019 added up to 182.1 billion won, divided into 260 won per common stock and 286 won per preferred stock. The company was established in December 2016 and paid a total dividend of 153.9 billion won in the fiscal year of 2018, when 220 won was paid for each common stock.
Likewise, Samsung Securities increased its total dividend to an all-time high of 151.8 billion won and dividend per common stock to an all-time high of 1,700 won. The previous highs, 125 billion won and 1,400 won, were recorded in the previous year.
Kyobo Securities is planning to pay a dividend of 14 billion won, 400 won per share. Each of the figures is a 20-year high behind 21.6 billion won and 600 won. Daishin Securities’ dividend for this year is 69 billion won, 1,000 won per share. It paid 79 billion won, 1,000 won per share, in the fiscal year of 2009. KTB Investment & Securities decided to pay dividends for the first time in 18 years. The amount is 29.3 billion won, 150 won per share.
South Korean securities companies improved their performances last year by strengthening corporate financing and investment banking. Specifically, Mirae Asset Daewoo’s operating profit jumped 42.1 percent to 728 billion won and its net profit increased 43.8 percent to an all-time high of 664.2 billion won. Samsung Securities’ rose 13 percent and 17.3 percent to 517.6 billion won and a record high of 391.8 billion won, respectively.
In addition, Meritz Securities’ net profit reached an all-time high of 554.6 billion won and NH Investment & Securities’ net profit hit a record high of 476.4 billion won.