SK Hynix announces $2.1b dividend hike

South Korean chipmaker SK Hynix Inc. has announced plans to raise its dividends by 25% from 2025 to 2027.

This increase will be approximately US$2.1 billion over three years.

The company will distribute 1,500 won (US$1.07) per share on an annual basis, which amounts to around 1 trillion won (US$716.5 million) each year.

There is also a possibility of earlier dividends if the company’s performance surpasses expectations.

Recent SK Hynix developments

Timeline
08-Nov-2024 📉 Samsung loses lead to SK Hynix amid AI demand surge Samsung’s market value drops by $126 billion. SK Hynix surpasses Samsung in high-bandwidth memory.
04-Nov-2024 ⚡ Nvidia CEO asks SK Hynix to speed up new AI chip deliveries Nvidia urges SK Hynix to fast-track HBM4 chips. Supply timeline moved up by six months to 2025.
24-Oct-2024 💹 SK Hynix profits $5b from AI memory demand SK Hynix reports Q3 profit of 7.03 trillion won Strong demand for AI memory drives recovery
04-Jan-2024 💰 SK Hynix plans $1b bond deal amid chip demand drop SK Hynix plans to raise $1 billion via bonds Company faced $6.2 billion loss in 2023
26-Oct-2023 📈 In 50 Words: SK Hynix sees chip biz recovery despite $1.3b Q3 loss SK Hynix reports $1.3B operating loss Revenue up 24%, signs of recovery noted

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