Hyundai Elevator Sees Dividends Rise

Shares of Hyundai Elevator Co. rose by more than 3% on November 28, following brokerage projections that large-scale dividends will continue, Pulse reports. An analyst at DS Investment & Securities Co., said in a report that Hyundai Elevator is likely to pay a dividend of at least KRW12,000 ($US8.17) to KRW14,000 (US$9.53) per share based on the end of February 2026. The company will pay a third-quarter settlement dividend of KRW1,000 (US$.68) per share with November 30 as the record date, noting that “based on the previous day’s closing price, the dividend yield reaches 14.7 to 17.2%.” The company is expected to continue expanding its high-dividend policy next year, and the North Korea-related momentum remains valid under the current administration. Shares of Hyundai Elevator finished at KRW86,800 (US$59.11) on November 28, up 6.90% from the previous session.