Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

SK Telecom Trade Suspension/Relisting: KOSPI 200 Treatment Schedule

SK Telecom Spinoff Relisting Step-By-Step Walkthrough

SKT Long Gaining Traction with New High in Store

Conservative Adjustment for Short Position Aimed at SKT's Underweight Rebalancing

Capitalize on a Likely Increase in FIF Adjustment Coefficient After SKT Demerger

SK Telecom Announcement: Split Ratio, Stock Split, Financials, Subsidiaries, & ADR Treatment

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<p>SKT, which paid a quarterly dividend for the first time in the second quarter of this year, is preparing for a second quarterly dividend.</p><p>Through a regulatory filing, as shown below, SKT has set the record date for shareholders entitled to receive dividends in the third quarter as September 30. So this Wednesday (29th) is the ex-dividend date.</p><div class="content-highlight"><p>Whether to pay dividends and the dividend amount will be decided by the board of directors at a later date. However, as it confirmed that it would pay a quarterly dividend, it is safe to say that there is little chance that it will not pay a dividend this quarter.</p></div><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/232/027/original/1.png?1632721163" class="editor-image img-responsive" data-smartkarma-image-id="232027"></figure></section><p>As for the second quarter dividend, SKT announced on July 23 that it had decided to pay a quarterly dividend of 2,500 won per ordinary share. The dividend yield was 0.77%, and the total dividend was 177.9 billion won. The deadline for dividend payment was August 11.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/232/031/original/2.png?1632721763" class="editor-image img-responsive" data-smartkarma-image-id="232031"></figure></section><p>SKT said it would keep the total dividend per share this year at the same level as last year. In addition, it would pay the unpaid quarterly dividend of this year (the first quarter) retroactively in the fourth quarter. Therefore, the third quarter dividend is also expected to be ₩2,500 per share, and the rest is highly likely to be paid out in the fourth quarter.</p><div class="content-highlight"><p><strong>A quarterly dividend of ₩2,500 provides a dividend yield of 0.78% based on the current share price.</strong></p></div>

SKT, which paid a quarterly dividend for the first time in the second quarter of this year, is preparing for a second quarterly dividend.Through a regulatory filing, as shown below, SKT has set the record date for shareholders entitled to receive dividends in the third quarter as September 30. So this Wednesday (29th) is the ex-dividend date.Whether to pay dividends and the dividend amount will be decided by the board of directors at a later date. However, as it confirmed that it would pay a quarterly dividend, it is safe to say that there is little chance that it will not pay a dividend this quarter.As for the second quarter dividend, SKT announced on July 23 that it had decided to pay a quarterly dividend of 2,500 won per ordinary share. The dividend yield was 0.77%, and the total dividend was 177.9 billion won. The deadline for dividend payment was August 11.SKT said it would keep the total dividend per share this year at the same level as last year. In addition, it would pay the unpaid quarterly dividend of this year (the first quarter) retroactively in the fourth quarter. Therefore, the third quarter dividend is also expected to be ₩2,500 per share, and the rest is highly likely to be paid out in the fourth quarter.A quarterly dividend of ₩2,500 provides a dividend yield of 0.78% based on the current share price.

SKT Is on the Move Ahead of Quarterly Ex-Dividend: Expected Div Yield-Based Valuation