Innotena Pays Quarterly Dividends for Third Consecutive Quarter… Simultaneously Buys Back 1 Billion Won Worth of Treasury Stock
Resolution to Pay a Quarterly Dividend of 19 Won per Share
Having paid dividends without fail in every quarter from the first to the third quarter since its launch, the company is nearing the final stage of establishing a "regular quarterly dividend" policy
[Edaily Reporter LEE YUN-JEONG ] AX Corporation MOCOMSYS(333050)(CEOs Kim In-soo and Yoon Young-ho) announced on the 12th that it will pay a quarterly dividend in the third quarter, following dividends in the first and second quarters of this year. Innotena is continuing its shareholder return policy by paying dividends for three consecutive quarters in the year it first introduced quarterly dividends. Innotena announced that it held a board of directors meeting on the 10th and resolved to pay a third-quarter dividend of 19 won per common share. The dividend yield is 0.34%, and the total dividend payout amounts to approximately 88 million won. The ex-dividend date is October 28, and dividends are scheduled to be paid on November 24 to shareholders listed on the shareholder registry as of that date. With this dividend, Innotena will have paid quarterly dividends for three consecutive quarters, following 26 won per share in the first quarter and 20 won per share in the second quarter of this year. Including the year-end final dividend, the company is structured to pay dividends four times a year. In addition to dividends, the company is also conducting a share buyback. In September, Innotena signed a trust agreement with Korea Investment & Securities for the acquisition of 1 billion won worth of treasury stock and has been purchasing its own shares on the open market since September 10, 2026, the start of the contract period. This marks the implementation of one of the shareholder return measures the company stated it would review in the future at the time of the second-quarter dividend announcement. Innotena is pursuing its shareholder return policy by combining dividends with share buybacks. Dividends provide direct cash returns to shareholders, while share buybacks can affect the number of shares outstanding and the value per share. However, the actual impact on the stock price may vary depending on the scale of the buybacks and market conditions. Kim In-soo, CEO of Innotena, stated, “We have consistently kept the promise we made to our shareholders when we introduced quarterly dividends through the third quarter, and the share repurchase trust is proceeding as planned.” He added, “Based on the competitiveness of our AX business, we will build a structure where the share of returns going to shareholders grows in tandem with our profits as we continue to grow.”
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