Samsung approves a record $80bn shareholder return
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The Korean company’s plan to buy back as much as $78.88 billion of shares comes as chip makers reap the rewards of the artificial-intelligence boom.
Samsung Electronics (005930.KS) stock surges 3.87% on plans to return up to $80 billion to shareholders, matching SK Hynix's aggressive buyback strategy.
Samsung Electronics inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances,
Samsung Electronics expects its shareholder returns for this year could reach up to 110 trillion won (US$79.54 billion), including 30 trillion won in cash dividends in the third quarter, it said on Friday.
Samsung Electronics shares jumped 4% as the company announced a $72 billion shareholder return plan, allocating 50% of free cash flow to investors.
Samsung Electronics' board has approved a 2026 shareholder return plan estimated at KRW90 trillion to KRW110 trillion (approx. US$64-79 billion), which the company says is the largest ever by a Korean firm.
That origin story came directly from a former Samsung Electronics engineer surnamed Jeon, according to Maeil Business. The veteran employee spent almost three decades at Samsung
By Cynthia Kim and Hyunjoo Jin SEOUL, Aug 21 (Reuters) - Samsung Electronics will hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter said,