STOCKS | SK Hynix Plans 16 Trillion Won Special Dividend From $Kioxia Stake Sale Proceeds
Big news from chip industry! $SK Hynix (000660.KS) said it will announce shareholder return measures on Wednesday when it releases Q3 results, after reports of a massive special dividend of about 16 trillion won ($12 billion) .
This dividend will be funded by gains from selling its stake in Japanese memory chipmaker $Kioxia (285A.T). Reports say SK Hynix is considering returning about 80% of gains from the $Kioxia sale to shareholders .
The investment was made in 2018 via Bain Capital consortium for about 4 trillion won, and total gains are estimated near 20 trillion won .
This is more than 7x its total dividends last year . Shares already edged higher on this news.
What this means for crypto/AI market? Memory chips power AI and crypto mining — strong shareholder returns show chip supercycle is back
#SKHynixReportedlyPlansSpecialDividendFromKioxiaStakeSale #EarningsSeason #BinancePick
Big news from chip industry! $SK Hynix (000660.KS) said it will announce shareholder return measures on Wednesday when it releases Q3 results, after reports of a massive special dividend of about 16 trillion won ($12 billion) .
This dividend will be funded by gains from selling its stake in Japanese memory chipmaker $Kioxia (285A.T). Reports say SK Hynix is considering returning about 80% of gains from the $Kioxia sale to shareholders .
The investment was made in 2018 via Bain Capital consortium for about 4 trillion won, and total gains are estimated near 20 trillion won .
This is more than 7x its total dividends last year . Shares already edged higher on this news.
What this means for crypto/AI market? Memory chips power AI and crypto mining — strong shareholder returns show chip supercycle is back
#SKHynixReportedlyPlansSpecialDividendFromKioxiaStakeSale #EarningsSeason #BinancePick
