Orion prepares to leaping forward with substantial growth.
Alongside our shareholders, we will create greater corporate value.
Dividend Distribution Policy
Dear Orion shareholders,
We sincerely gratitude to you for your keen interest in and unsparing support for the Orion.
Since our split-off, we have pursued high-intensity management improvement to achieve sustainable development of our group by strengthening our core competitiveness, while seeking ways to enhance shareholder value.
The basic principle of our shareholder dividend policy is to enhance shareholder value from a long-term perspective through continuous corporate growth, accompanied by stable cash dividends generated from the company's performance.
Therefore, we had announced a dividend policy based on 20% to 60% of Free Cash Flow (FCF) from separate financial statements in 2022, and have consistently expanded the dividend size annually. Additionally, we have communicated and reviewed the shareholder return policy in various ways to enhance shareholder value.
As part of these improvement efforts, we disclosed a new dividend policy which uses a dividend payout ratio of over 20% based on consolidated financial statements for the 2024~2026 next three years, aiming to increase shareholder return rate and dividend predictability.
We hope that through this dividend policy announcement, we can increase predictability for shareholders' dividends, and in the event of any adjustments to the dividend policy in the future, we will disclose the details and strive to present improved shareholder return measures by soliciting a wide range of opinions and communicating with stakeholders.
We sincerely ask for your continued interest and encouragement as always.
CEO Seung-Joon LEE
Dividend Policy Guidelines
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Dividend Information
(Unit: 1million Won)
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Face Value(KRW) | 500 | 500 | 500 | 500 | 500 | 500 | 500 |
| (Consolidated) Net income attributable to shareholders of parent company | 376,647 | 392,351 | 257,704 | 267,586 | 215,579 | 139,852 | 75,584 |
| Total Dividend Amount | 49,411 | 37,552 | 29,647 | 29,647 | 23,717 | 23,716 | 23,716 |
| Dividend per share(KRW) | 1,250 | 950 | 750 | 750 | 600 | 600 | 600 |
| (Consolidated) Dividend Payout Ratio | 13.1% | 9.6% | 11.5% | 11.1% | 11.0% | 17.0% | 31.4% |
| Market price-dividend ratio (%) | 1.1% | 0.7% | 0.7% | 0.6% | 0.6% | 0.5% | 0.6% |