According to South Korea’s Dong-A Ilbo, SK Hynix is moving forward with a plan to return approximately 80% of the proceeds from the sale of its stake in Japanese NAND flash manufacturer Kioxia to shareholders as a special dividend. The details are expected to be disclosed when the company reports its third-quarter earnings on October 28. The report notes that SK Hynix’s estimated investment gain from selling its Kioxia stake is around KRW 20 trillion, which would translate to a special dividend of approximately KRW 16 trillion—more than seven times its total dividend payout of KRW 2.1 trillion for the entire previous year. Based on the current number of outstanding shares, the special dividend is projected to be about KRW 23,000 per share, and the company is also evaluating whether to distribute it in installments.
SK Hynix to Distribute 80% of Proceeds from Kioxia Sale as Special Dividend
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Summary
SK Hynix is set to distribute 80% of the proceeds from its Kioxia stake sale as a special dividend, according to on-chain news sources. The company plans to disclose full details on October 28 alongside its Q3 earnings. The sale is expected to generate 20 trillion KRW in gains, with a special dividend of up to 16 trillion KRW. Based on current share counts, the payout could reach 23,000 KRW per share. Crypto news platforms are closely monitoring this development.
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