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SK Inc., the holdings company of SK Group, said on Tuesday it would spend 82.6 billion won ($59.6 million) to issue interim dividends in 2024, with dividends of 1,500 won per share to be paid out by August 30th, 2024. The 2024 dividends announcement marks the company¡¯s seven-year consecutive distribution of interim payouts, defying market expectations that the recent merger between SK innovation Co. and SK E&S Co. could reduce the size of shareholder returns. ¡°Despite concerns that shareholder return policies would be affected by the merger of the subsidiaries, we have demonstrated our commitment to complying with a shareholder-friendly policy via our interim dividends,¡± an SK official said. SK added that it had fulfilled one of the pledges made at its shareholders¡® meeting in 2022 to buy back and burn shares equal to 1 percent of its market capitalization each year until 2025.
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