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Doosan Bobcat Announces Plans to Enhance Corporate Value with 40% Shareholder Return Rate and 2030 Revenue Target of USD 12 Billion
2024-12-16Article Content
- - Minimum Annual Dividend Set to KRW 1,600, Special Shareholder Return of KRW 200 Billion Through Share Buyback and Cancellation
Doosan Bobcat has announced its plans to enhance corporate value by emphasizing shareholder returns.
On December 16th, Doosan Bobcat publicly disclosed its corporate value enhancement plan, which includes a strengthened shareholder return policy, setting a minimum annual dividend, and buyback and cancellation of treasury shares. The company had previously promised in October to announce its shareholder return policy within this year.
First, the shareholder return rate, which includes dividends and share buybacks and cancellations, has been set at 40%, surpassing the average of domestic peers and the manufacturing industry. Continuing the annual dividend per share level from 2023, the company has set a minimum KRW 1,600 dividend per share and will distribute dividends quarterly instead of semi-annually to enhance investment stability.
Accordingly, from the first quarter to the third quarter of 2025, dividends of KRW 400 per share will be paid with the record date at the end of each quarter. The year-end dividend for the following fourth quarter will be at least KRW 400 per share, with the option for additional dividends or share buybacks based on the shareholder return rate and market conditions.
Additionally, the company announced a special shareholder return initiative, through which it will conduct a KRW 200 billion share buyback and cancellation starting this month.
The company has set a revenue target of $12 billion (approximately KRW 16 trillion) by 2030, representing a compound annual growth rate of 12%. This is intended to enhance veritable corporate value through business growth in tandem with shareholder returns.
A Doosan Bobcat official declared, “To achieve profitability on par with leading global companies and implementing shareholder returns, revenue growth through M&A and technological innovation is essential.” The representative further emphasized, “We will prioritize investments for growth in our capital allocation and share the fruits of our efforts with our shareholders.”