SK hynix to buy back KRW 20 trillion in shares, pay quarterly dividend of KRW 20,000 per share [Filing]

[Financial News] SK hynix has decided on a KRW 20 trillion share buyback and a quarterly cash dividend of KRW 20,000 per share. It plans to use about KRW 10 trillion of the buyback amount to enhance shareholder value and the remaining about KRW 10 trillion for employee stock compensation.
SK hynix disclosed that its board of directors met on the 28th and decided to acquire 14.92 million common shares for KRW 20,007,720,000,000. The planned number of shares was calculated based on the previous day’s closing price of KRW 1,341,000 and may change depending on future share price movements.
The acquisition period runs from the 29th through January 28 next year. The shares will be acquired through open-market purchases via SK Securities Co., Ltd. and NH Investment & Securities. The daily limit for purchase orders is 1.492 million shares.
The company has designated enhancing shareholder value and employee stock compensation as the purposes of this buyback. About KRW 10 trillion will be used to enhance shareholder value, and the remaining about KRW 10 trillion for share-based compensation, including employee bonuses. 
In a separate disclosure, the company also decided on a quarterly cash dividend of KRW 20,000 per common share. The total dividend amount is KRW 14,103,466,480,000, and the dividend yield is 1.56%.
The dividend record date is November 30. The dividend is scheduled to be paid within one month of the record date. 
[email protected] Joo Won-gyu Reporter