Samsung Electronics plans $72 billion shareholder return program

Published Aug 20, 08:02 AM UTC

According to a report, Samsung Electronics is planning a massive shareholder return program worth US$72 billion. The measures are expected to focus mainly on cash dividends, utilizing 50% of the company's free cash flow. This announcement follows a similar move by competitor SK Hynix, which unveiled its own US$29 billion stock repurchase programme on August 19. The report highlights the aggressive capital return strategies being adopted by major South Korean semiconductor firms to reward shareholders.