LG Electronics to retire about $50 mn treasury stock in 2025 - KED Global
Published 5 months ago · Companies
Reading time: 30s · Source 74s · · kedglobal.com
Sentiment: · · ·businesses: LG Electronics
- Cho Joo-wan will continue as CEO of LG Electronics in 2025.
- LG Electronics plans to retire 761,000 shares, about 0.5% of its outstanding shares, to enhance shareholder returns.
- The value of the treasury stock to be cancelled is approximately 70 billion won ($50 million).
- LG aims to grow corporate value sevenfold by 2030 and targets annual sales growth of 7%.
- The company plans to return over 25% of consolidated net profits to shareholders through dividends from 2024 to 2026.
- Dividends will be paid twice a year, with a minimum of 1,000 won per share annually, increasing predictability for shareholders.
- LG forecasts consolidated sales to rise to 100 trillion won by 2030 from 84.2 trillion won in 2023.
- The company will focus on subscription-based and B2B services, including HVAC devices and automotive electronics.
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Analyses of the article
SENTIMENT
The article presents an optimistic outlook for LG Electronics, highlighting their plans for growth, shareholder returns, and strategic focus areas.
IMPACT
Short
The article discusses immediate actions such as share buybacks and dividend payments that will have noticeable effects on shareholder returns in the short term.
RELEVANCE
High
The information is significant for investors, stakeholders, and the broader market, as it pertains to corporate governance and financial performance of a major company.
STAKEHOLDER
businesses
The article primarily concerns LG Electronics as a business entity and its strategies that directly affect its shareholders and investors.