Yuyu Pharmaceuticals said Tuesday that it has decided to pay a cash dividend to its shareholders.
Under its plan, the company plans to pay 190 won (0.18$) per common share, while giving out 200 won per preferred share. The total dividend is 1.38 billion won, and the dividend rate is 1.7 percent for ordinary shares, 2.9 percent for type-1 preferred stock, and 1.1 percent for type-2 preferred shares.
The dividend increase is the first increase in five years since 2013. Until last year, Yuyu stock dividend was 180 won for common stock and 190 won for preferred stock plans. The company plans to finalize the dividend approval during its general shareholders' meeting in March.
In December, Yuyu purchased 1 billion won worth of its common shares to stabilize share prices and enhance shareholder value. Following the purchase of shares, the company grew with its shareholders through continuous shareholder-friendly policies such as dividend increases.
Yuyu Pharmaceutical, a KOSPI listed company, was listed on the stock exchange in 1975. The company’s share price ended Tuesday’s trading at 14,300 won, a 6.84 percent decrease from Monday.