[서울=뉴스핌] Reporter Lee Jung-yoon = Shinhan Financial Group decided on a dividend of 1,500 won per share for last year’s performance. As a result, the dividend payout ratio was 22.7%, exceeding the 20% recommended by the financial authorities.
On the 3rd, Shinhan Financial Group announced through the board of directors the day before that it had decided to set a dividend per share of 1,500 won in 2020. The dividend payout ratio was determined at 22.7%. This is a decrease of 350 won and 3.3 percentage points (p), respectively, from 2019. In 2019, Shinhan Financial Group paid a dividend of 1850 won per share, with a dividend payout ratio of 26%.
The dividend yield is 4.5% (base price of 33,200 won), and the total dividend is 7738 billion won. When dividends of 30 billion won (1716 won per share) are added to class stocks (convertible preferred stocks), the total dividend is 803.8 billion won.
Although the financial authorities advised financial groups and banks to adjust their dividend payout ratio to 20% due to Corona 19, Shinhan Finance lowered it from the previous year and slightly higher than the recommendations of the financial authorities after a long high. It is known that Shinhan Finance is the only one that has passed the stress test of the financial authorities.
Earlier, KB and Hana Financial held their board of directors at the beginning of last month, respectively, and confirmed the dividend payout ratio in 2020 at 20%. Compared to 2019, the dividend payout ratios of both financial holding companies fell 6%p. The dividend for KB was 1770 won, down 20% from 2019 (2210 won), and one was 1850 won, down 12% from 2019 (2100 won).
Meanwhile, Shinhan Financial Group also decided to issue new capital securities worth up to 700 billion won at the board of directors the day before.
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