Naver maintains 30% dividend payout ratio

By 박한나
  • Published : Oct 27, 2016 - 10:49
  • Updated : Oct 27, 2016 - 10:55

[THE INVESTOR] Naver, South Korea’s top internet portal operator, will continue to maintain a dividend payout ratio of 30 percent, the company said on Oct. 27. 



“Since 2009, we have been giving 30 percent of net income to shareholders and we will continue to do so,” Naver said during a conference call to discuss its third-quarter financial and operating results.

It also added that the company has no plan to retire its treasury stocks. 

The company's net profit surged 69.5 percent from a year earlier to 198 billion won (US$174.1 million) in the July-September period by growing sales from overseas and its mobile business.

Sales jumped 20.5 percent on-year to 1.01 trillion won while operating profit surged 27.6 percent to 282.3 billion won.

By Park Han-na (hnpark@heraldcorp.com)