News/Notice
- First cash dividend in company history: KRW 650 per share, total payout of KRW 9.55 billion
- Dividend yield of 4.9%, significantly above the 2023 KOSDAQ average of 1.97%
NAMUGA Co., Ltd. (KOSDAQ: 190510), a leading camera module manufacturer, has announced its first-ever cash dividend since its founding, marking a major step in enhancing shareholder returns. This decision reflects not just a simple profit distribution but a strategic shift, underscoring the company’s matured financial structure and long-term growth vision.
On February 26, NAMUGA's board of directors approved a cash dividend of KRW 650 per share, amounting to a total payout of KRW 9.55 billion. The dividend yield stands at 4.9%, significantly surpassing the 1.97% average yield of KOSDAQ-listed companies in 2023. The payout will be distributed to shareholders holding stock as of the end of December 2023, pending approval at the upcoming annual general meeting (AGM). This inaugural dividend signals NAMUGA’s commitment to reinforcing its shareholder return policy.
The dividend decision follows NAMUGA’s share buyback and cancellation initiative on February 24, further demonstrating its strategic focus on shareholder value enhancement. After executing a KRW 10 billion share cancellation in December 2023, the company has proceeded with an additional KRW 5 billion buyback (equivalent to 2.5% of total outstanding shares) this month, reinforcing its proactive shareholder return strategy.
This milestone dividend comes on the back of NAMUGA’s financial turnaround, having achieved profitability in 2021, followed by continuous management innovation and a stable earnings structure. The company has been expanding its high-value product portfolio, optimizing costs, and enhancing productivity, all of which have contributed to strengthened profitability and long-term corporate sustainability. Building on this progress, NAMUGA intends to explore diverse shareholder return strategies while maintaining stable financial performance.
CEO Don Lee commented: "This dividend decision is not merely a distribution of earnings but a testament to our commitment to sharing our success with shareholders as we drive sustainable growth. Moving forward, we will establish a more structured shareholder return policy." He further added: "Our focus is not on short-term stock price boosts but on enhancing long-term corporate value through a variety of shareholder return initiatives."
Details on NAMUGA’s shareholder return policies and future plans will be available on the company’s official website and regulatory disclosures.
