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LX Holdings Corp., through its subsidiaries, engages in the energy, palm, living resources, logistics, living space, silicon works, and materials and solutions businesses. The company generates electricity through combined heat and power, and hydroelectric power plants; mines and supplies coal; produces crude palm oil; and offers plastic resin and chemical products. It also provides medical equipment, including COVID-19 test kits, as well as diagnostic services; vendor inventory management services; and sea and air freight, warehousing and distribution, and express/e-commerce logistics services. In addition, the company offers automotive fabrics, and standard and lightweight components; decorative films for furniture, windows, home appliances, and buildings, as well as advertisement films; plastic and aluminum windows and doors, and functional glass; flooring, wall covering, and insulation materials; and surface materials, such as engineered stone and solid surfaces. Further, it provides LCD/OLED TV displays, and components; displays for smartphones, smartwatches, and AR/VR devices; driver ICs and chips for automobile infotainment displays; and MCUs for refrigerators, washing machines, and air conditioners, as well as monomers and polymers for various applications. The company was founded in 1947 and is based in Seoul, South Korea.

LX Dividend Announcement

• LX announced a annually dividend of ₩270.00 per ordinary share which will be made payable on 2024-04-17. Ex dividend date: 2023-12-27
• LX annual dividend for 2023 was ₩270.00
• LX's trailing twelve-month (TTM) dividend yield is 3.85%
• LX's payout ratio for the trailing twelve months (TTM) is 16.90%

LX Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-12-27₩270.00annually2024-04-17
2022-12-28₩310.00annually2023-04-26

LX Dividend per year

LX Dividend Yield

LX current trailing twelve-month (TTM) dividend yield is 3.85%. Interested in purchasing LX stock? Use our calculator to estimate your expected dividend yield:

LX Financial Ratios

P/E ratio4.38
PEG ratio-0.21
P/B ratio0.31
ROE7.27%
Payout ratio16.90%
Current ratio27.88
Quick ratio27.88
Cash Ratio1.64

LX Dividend FAQ

Does LX stock pay dividends?
LX does not currently pay dividends to its shareholders.
Has LX ever paid a dividend?
No, LX has no a history of paying dividends to its shareholders. LX is not known for its dividend payments.
Why doesn't LX pay dividends?
There are several potential reasons why LX would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will LX ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While LX has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is LX a dividend aristocrat?
LX is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is LX a dividend king?
LX is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is LX a dividend stock?
No, LX is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy LX stocks?
To buy LX you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy LX stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.