[Edaily Reporter Kwon Oh Seok ] IT solutions specialist PLANTYNET Co., Ltd.(075130)is accelerating efforts to enhance shareholder value by paying its first interim dividend since going public.

PLANTYNET Co., Ltd. announced that it held a board of directors meeting on the 30th and decided to pay an interim dividend of 100 won per common share. The total dividend amount is 1,558,663,000 won, and the record date is August 14. The dividend yield, based on common stock, is 5.0%. This figure is calculated as a percentage of the dividend per share relative to the arithmetic mean of the closing prices on the stock exchange over the one-week period ending on the trading day immediately preceding the board resolution date.
This interim dividend is the first to be paid since the company’s listing, following the addition of provisions regarding interim dividends to its articles of incorporation at an extraordinary general meeting of shareholders held today. Previously, on June 18, PLANTYNET Co., Ltd.’s board of directors approved a proposal to amend the articles of incorporation to introduce the interim dividend system and announced the convening of a general meeting of shareholders.
Since 2007, PLANTYNET Co., Ltd. has paid an annual year-end dividend of 100 won per share for approximately 20 years. With the introduction of this interim dividend, the number of dividend payments will increase from once a year to twice a year, and the scale of shareholder returns is expected to expand further. The company has been implementing various shareholder value enhancement policies in parallel, such as its decision in June to retire 500,000 shares of treasury stock, and this interim dividend can be viewed as a continuation of that trend.
A PLANTYNET Co., Ltd. official stated, “The introduction of an interim dividend goes beyond simply increasing the frequency of dividends; it is a measure aimed at enhancing shareholder value and systematizing our shareholder return policies,” adding, “Based on our stable profit-generating capabilities, we plan to continue reviewing various shareholder-friendly policies going forward.” PLANTYNET Co., Ltd. has scheduled the payment date for this interim dividend for August 27.