Samsung Electronics shares tumbled as much as 7.1% on Monday, as its shareholder return plan, which focused on cash dividends rather than share buybacks, failed to meet market expectations, dragging down Japanese and Korean stock markets.
Samsung Electronics announced last Friday its plan to return up to 110 trillion Korean won (approximately $80 billion) to investors this year, with 30 trillion won to be distributed as cash dividends in the third quarter, and the remaining arrangements to be finalized in January next year. JPMorgan Chase analyst Jay Kwon noted that the plan disappointed the market due to the lack of a share buyback program and an unchanged return ratio. Consequently, South Korea's Kospi index extended its decline to 1.4%, and the Nikkei 225 index also fell by 0.4%.
Source:华尔街见闻 · Source Link
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