Modetournetwork Declares Cash Dividend of 350 KRW and Stock Dividend of 0.0312222 Treasury Shares - Total Payout 6.37B KRW Positive for Shareholder Value
Cash dividend: 350 KRW per common share (market dividend rate 3.39%), total cash payout 6.37B KRW (based on 18,212,289 shares excluding 687,711 treasury shares). Payment date: 2026-04-16.
Stock dividend: 0.0312222 treasury shares per common share. Fractional shares to be paid in cash based on closing price on the general meeting date (amended from previous day's closing price).
Shareholder impact: No dilution as treasury shares are used. Combined with cash dividend, enhances shareholder value. Current effective yield ~3.7% based on recent price of 9,580 KRW.
[AI Summary]Modetournetwork's combined cash and stock dividend of 6.37B KRW is a positive shareholder return measure. The technical correction in fractional share calculation improves fairness. However, sustainability of dividends and potential share buybacks remain key for future valuation.
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Cash and Stock Dividends