Orion Holdings Pays 550 Won Per Share in First Quarterly Dividend

Orion Holdings and Orion Corporation decided on the 6th to implement quarterly dividends for the first time since their founding, according to regulatory filings. Orion Holdings will pay 550 won per common share while Orion will pay 1,750 won per common share, with dividend amounts totaling 33.1 billion won and 69.2 billion won respectively. The dividend decision follows both companies' recent announcements of shareholder return expansion plans as part of their corporate value enhancement initiatives.

Orion Holdings and Orion Announce Dividend Amounts and Payment Schedule

Orion Holdings and Orion held board meetings on the 6th and resolved to implement quarterly dividends, marking the first mid-term dividend in both companies' histories. Orion will distribute 1,750 won per common share totaling 69.2 billion won, while Orion Holdings will distribute 550 won per common share totaling 33.1 billion won. The record date for both companies is the 21st. Dividend payments are scheduled for the 6th of next month for Orion and the 10th of next month for Orion Holdings.

Companies Cancel Treasury Shares and Strengthen Shareholder Return Policies

Both companies recently announced plans to enhance corporate value through expanded shareholder returns, including consideration of mid-term dividends. In June, Orion and Orion Holdings canceled all treasury shares worth 67.5 billion won that they held. An Orion official stated that the company plans to continue sustainable growth while enhancing shareholder value and further strengthening the virtuous cycle structure between growth and shareholder returns.

FAQ

What dividend amounts did Orion Holdings and Orion announce on the 6th?

Orion Holdings announced a dividend of 550 won per common share totaling 33.1 billion won, while Orion announced 1,750 won per common share totaling 69.2 billion won. The record date for both companies is the 21st.

Why did Orion Holdings and Orion implement quarterly dividends?

Both companies implemented quarterly dividends for the first time as part of their corporate value enhancement plans announced recently, which included expanded shareholder return policies. In June, both companies also canceled 67.5 billion won worth of treasury shares as part of these shareholder return initiatives.