Industrial Bank of Korea operates as a small and medium-sized enterprise (SME) financing bank in China, Indonesia, Russia, Japan, Vietnam, Myanmar, Hong Kong, India, the Philippines, Cambodia, the United States, and the United Kingdom. It operates through five segments: Retail Banking, Corporate Banking, Money Market, IB, and Others. The company offers current accounts, savings, deposits, retail and mortgage loans, overdrafts, other credit facilities, and services relating to import/exports; and advisory services, including consulting on the introduction and implementation of computer systems. It is also involved in the treasury management of local/foreign currency and investments; installment financing and venture capital business; investment trust asset management and consultation, entrusted investment, and future funds management; loan collection and credit research; trading of security and futures; information system development and sales; retirement insurance and pension contracts, annuity insurance contracts, and others; protecting depositors in accordance with depositor protection act; management of investment association under the commercial code of the Republic of Korea; and management and capital distribution of new technology investment association and Korean venture investment association. As of December 31, 2021, the company operated 603 branches and 32 depositary offices in Korea, and 9 branches and 1 office internationally. The company was founded in 1961 and is headquartered in Seoul, South Korea.
Industrial Bank of Korea Dividend Announcement
• Industrial Bank of Korea announced a annually dividend of ₩984.00 per ordinary share which will be made payable on . Ex dividend date: 2024-03-28
• Industrial Bank of Korea annual dividend for 2024 was ₩984.00
• Industrial Bank of Korea's trailing twelve-month (TTM) dividend yield is 6.75%
• Industrial Bank of Korea's payout ratio for the trailing twelve months (TTM) is 31.44%
Industrial Bank of Korea Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-03-28 | ₩984.00 | annually | |
2022-12-28 | ₩960.00 | annually | 2023-04-21 |
2021-12-29 | ₩780.00 | annually | 2022-04-25 |
2020-12-29 | ₩471.00 | annually | 2021-04-23 |
2019-12-27 | ₩670.00 | annually | 2020-04-24 |
2018-12-27 | ₩690.00 | annually | 2019-04-26 |
2017-12-27 | ₩617.00 | annually | 2018-04-20 |
2016-12-28 | ₩480.00 | annually | |
2015-12-29 | ₩450.00 | annually | |
2014-12-29 | ₩430.00 | annually | |
2013-12-27 | ₩330.00 | annually | |
2012-12-27 | ₩400.00 | annually |
Industrial Bank of Korea Dividend per year
Industrial Bank of Korea Dividend growth
Industrial Bank of Korea Dividend Yield
Industrial Bank of Korea current trailing twelve-month (TTM) dividend yield is 6.75%. Interested in purchasing Industrial Bank of Korea stock? Use our calculator to estimate your expected dividend yield:
Industrial Bank of Korea Financial Ratios
Industrial Bank of Korea Dividend FAQ
Other factors to consider when evaluating Industrial Bank of Korea as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Industrial Bank of Korea's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Industrial Bank of Korea publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Industrial Bank of Korea distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Industrial Bank of Korea are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Industrial Bank of Korea sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Industrial Bank of Korea distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Industrial Bank of Korea declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Industrial Bank of Korea's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Industrial Bank of Korea's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.