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[Apha Biz=(Chicago) Reporter Paul Lee] It is predicted that KT will not reduce dividend policy under Kim Young-seop's CEO system.
NH Investment & Securities said on the 20th, "KT's dividend policy has always changed with the appointment of CEO, which seems to have been mentioned as part of this."
NH Investment & Securities said in a report titled, "The dividend policy reduction, which caused KT's stock price adjustment last week, is unlikely," adding, "Strategic preparations for growth have been completed and the stock price is expected to enter the normalization phase again through full-fledged implementation."
"We believe that the possibility of dividend reduction and restructuring surrounding KT is quite low," NH Investment & Securities said. "CEO Kim Young-seop's new growth strategy will be unveiled soon and is expected to have a positive impact on stock prices."
The possibility of reducing dividend policy was underestimated. As telecom companies' dividend policies have recently become an important indicator of corporate value and stock prices, the new dividend policy does not deviate much from the existing dividend payout ratio of 50%.
"Even if there is a one-off 'Big Bath' in the fourth quarter of 2023, KT will maintain last year's dividend of 1,960 won per share (dividend yield), and it is expected to rise again from next year," said NH Investment & Securities.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
