Samsung doesn’t want to give investors $500 million in dividends
– Shareholder vote at the upcoming meeting will determine the outcome.
– Samsung C&T urges shareholders to reject the proposal, citing future growth concerns.
– Samsung C&T warns of difficulties in securing internal investment resources if substantial cash outflow occurs.
– Share buyback worth $375 million also proposed by activist investors.
– Activist investors want a dividend increase to $500 million, exceeding Samsung C&T's preferred payout.
– Samsung C&T's proposed dividend is 10.9% higher than the previous year, representing 49% of surplus cash flow.
– Proposal suggests a $900 million plan, opposed by Samsung C&T due to cashflow concerns.
– Activist investors owning 1.46% of Samsung C&T press for higher dividends and share buybacks.