Kangwon Land’s board of directors, the operator of Kangwon Land Casino Resort in South Korea, on Friday recommended a final dividend of 930 won (US$0.706) per share for the year ending December 31, 2023.
This represents a 5.6% dividend rate based on the current market price of the company’s shares, the company said.
According to the data submitted to the Korea Exchange, the total annual dividend for 2023 is about KRW 188.55 billion.
The above dividend will be approved at the company’s general shareholders’ meeting on March 28, and if approved, it is likely to be paid on April 26.
Kangwon Land Casino Resort is based on an upland about 150 kilometers (93 miles) from Seoul, the capital of South Korea.
Kangwon Land is the only casino company in Korea that can provide services to domestic players, but it recently announced that it will also market to foreign players.
In 2023, Kangwon Land’s net income attributable to owners grew 9.3% year-on-year to 345.15 billion won, up 198.5% from 2022, just under 1.39 trillion won.
BY: 바카라사이트