A Plus Asset shares jump in the 11% range early in the session after announcement of stronger shareholder returns [Stock NOW]

[The Financial News] A Plus Asset is surging early in the session following news that it will strengthen shareholder returns.
As of 9:31 a.m. on the 21st, A Plus Asset was trading at 12,390 won, up 11.72% from the previous trading day. It opened at 12,000 won, up 8.20% from the previous session, and has held onto its gains.
A Plus Asset, an insurance general agency, disclosed a plan the previous day to enhance corporate value, including strengthening shareholder returns. Specifically, the plan calls for maintaining a return on equity (ROE) of at least 15% through 2030, maintaining a total shareholder return ratio of at least 40% through 2030, and advancing its governance structure by strengthening transparency and independence in decision-making.
For shareholder returns, the company plans to maintain its existing cash-dividend policy while also buying back its own shares. Its dividend payout ratio last year was 30.7%, and its dividend payment totaled 6,782,307,900 won. A Plus also approved an additional 3.5 billion won share buyback the previous day. Including the 7 billion won trust agreement for acquiring treasury shares carried out in July, the total value of this year's buyback agreements is approximately 10.5 billion won.

[email protected] Im Sang-hyeok Reporter