[서울=뉴스핌] Reporter Kim Jin-ho = On the 5th, Hana Financial Group announced on the 5th that it will make efforts to increase shareholder value in various ways, including interim dividends, regarding the issue of dividend payments resulting from the reduction of dividend payout ratio of the financial authorities. In addition, it was affirmed that it would not violate the expectations of shareholders unless the worst situation such as an economic recession occurs.
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| Hana Financial Group Myeongdong Office Building [사진=하나금융그룹] |
In a conference call held on the same day after the announcement of its 2020 results, Hana Financial said, “We clearly communicated with the financial authorities that this dividend reduction is a temporary recommendation,” and “I cannot definitively say intermediate dividends, but I recognize that there is sufficient dividend capacity. Said.
Earlier, the board of directors of Hana Financial Group decided to reduce the dividend payout ratio to 20% on this day. Accordingly, it has decided to pay a dividend per share of 1350 won (1850 won including intermediate dividends, payout ratio of 20%). Dividend per share decreased by 16% compared to 2019. Considering that Hana Financial Finance’s dividend payout ratio as of 2019 was 26%, it has decreased by 6 percentage points.
Hana Financial Group emphasized, “We ask for your understanding of the fact that the dividend payout ratio has temporarily declined.” did.
He said that there is no need to worry much about the impact of the corona 19 financial support on the sound line, such as extending maturity and delaying interest repayment. Hana Financial Group explained, “The deferred interest repayment loan amounted to 350 billion won as of the end of last year.”
On the other hand, Hana Financial announced that it recorded 2,637.2 billion won in annual consolidated net income in 2020, including 5328 billion won in the fourth quarter of last year. Despite the large-scale provisioning, the record-high performance last year was analyzed by the advancement in the non-banking sector and the strategy to diversify the group’s business portfolio and sales channels.
An official from Hana Financial said, “It was a good performance despite the large-scale one-off costs caused by preemptive provisions for the aftermath of Corona 19, recognition of private equity-related expenses, and special retirement.”