HDC to cancel treasury shares worth 77.1 billion won, stepping up shareholder returns

[Financial News] HDC will cancel 3,413,340 treasury shares it holds. Following last year’s dividend increase, it is also pursuing a treasury-share cancellation as part of its efforts to enhance shareholder value.
According to HDC, the company held a board meeting on the 8th and resolved to cancel treasury shares worth 77.1 billion won, based on the closing price on the 7th, out of the 10,240,020 shares it holds. This represents 5.7% of total shares outstanding and one-third of its treasury shares. The cancellation is scheduled for the 15th.
The cancellation will be carried out by eliminating treasury shares previously acquired, within the limits of distributable profits. As a result, the total number of shares outstanding will fall from 59,741,721 to 56,328,381, with no change in capital.
After the cancellation, HDC’s treasury shares will decrease to 6,826,680. They will account for 12.1% of total shares outstanding after the cancellation.
Canceling treasury shares is a way for a company to return value to shareholders by permanently eliminating shares it holds. HDC plans to turn its commitment to shareholder returns into concrete action through this cancellation of treasury shares.
HDC has also steadily increased its cash dividends. For fiscal 2025, it raised the per-share dividend by about 28.6%, to 450 won from 350 won the previous year. In December 2025, it also established and announced a three-year, mid- to long-term dividend policy.
An HDC official said, “This decision to cancel some of the treasury shares we previously acquired and held is a way to put our commitment to enhancing shareholder value into practice,” adding, “We will continue to consider various measures to balance strategic investment for the Group’s growth with stable shareholder returns.”

[email protected] Choi A-young Reporter