Woori Financial Group Declares KRW 220 Quarterly Cash Dividend, Non-Taxable for Most Shareholders
Summary
Woori Financial Group's board declared a KRW 220 per share quarterly cash dividend, payable on May 29, 2026, which is non-taxable for most Korean shareholders.
Key Events
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Quarterly Cash Dividend Declared
The board approved a cash dividend of KRW 220 per common share, totaling approximately KRW 160.8 billion.
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Non-Taxable for Most Shareholders
The dividend is paid from capital reserve reduction, making it non-taxable as dividend income under Korean tax law for most resident shareholders.
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Record and Payout Dates Set
The record date for the dividend is May 11, 2026, with a scheduled payout date of May 29, 2026.
Analysis
This filing announces the specific cash dividend amount for the current quarter, following previous disclosures about the company's intent to pay quarterly dividends and pre-setting record dates. The KRW 220 per share dividend, totaling approximately $119 million (based on current exchange rates), represents a notable return to shareholders. A key detail is that this dividend is sourced from a reduction of capital reserve, making it non-taxable as dividend income under Korean tax law for most shareholders, which enhances its value. This announcement is part of a series of significant corporate actions by Woori Financial Group today, including major acquisitions and asset revaluations.
At the time of this filing, WF was trading at $70.64 on NYSE in the Finance sector, with a market capitalization of approximately $17.2B. The 52-week trading range was $34.80 to $84.71. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.