Woori Financial Group Declares KRW 220 Quarterly Cash Dividend, Non-Taxable for Most Shareholders
WF has more than doubled off its 52-week low of $34.8.
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 · Financing and Capital Events · WF
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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 · WF · Finance
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.