Samsung is one of the largest chaebols in the world and while the Lee family maintains a tight hold over Samsung, the company today announced its detailed plan to enhance long-term value creation for shareholders.
First is the improvement in the shareholder program, which will see a 50 percent free cash flow dedicated to shareholder returns for the remainder of this year and next. Moreover, Samsung will initiate quarterly dividend payments along with a rise of up to 30 percent.
Samsung also announced that they want to maintain a net cash balance of 65 to 70 trillion won (~US$65-70 billion) that will be used for acquisitions, capital expenditures and working capital requirements.
Samsung will also bring in an independent board member with “international corporate” experience and will also review the possibility of creating a holding company structure.
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