Approves a Dividend Payout Plan
Mirae Asset Daewoo has changed its name to Mirae Asset Securities. A regular shareholders' meeting held on March 24 approved the name change, along with other items on the agenda, including the appointment of internal and external directors, the approval of financial statements and a dividend payout plan. Mirae Asset Daewoo had used the name since the merger of Mirae Asset Securities and KDB Daewoo Securities in 2016.
In addition, the company approved the financial statements of fiscal 2020 and a dividend plan to pay 200 won per common share and 220 won per preferred share. Since its launch, Mirae Asset Securities has been implementing a shareholder-friendly dividend policy. It paid 124.7 billion won in 2017, 153.9 billion won in 2018 and 182.1 billion won in 2019. In 2020, the company took an active shareholder return policy by expanding the purchase and cancellation of its own shares.
The sum of dividends for 2020 and the total amount of canceled shares stands at about 280.5 billion won. This means that Mirae Asset Securities used about 34.1 percent of its net profit for its shareholder return policy.