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SK Hynix plans to return $22B+ in dividends and ~$15B in buybacks to shareholders, on top of its ~$30B buyback program completed in August (Kwanwoo Jun/Wall Street Journal)

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In short

SK Hynix, a leading South Korean memory-chip manufacturer, announced plans to return approximately $22 billion to shareholders in dividends and $15 billion in share buybacks. The company's commitment to returning significant amounts to shareholders underscores its confidence in the future growth of the company.

Key points

  • SK Hynix, a leading South Korean memory-chip manufacturer, announced plans to return appr…: SK Hynix, a leading South Korean memory-chip manufacturer, announced plans to return approximately $22 billion to shareholders in dividends and $15 billion in share buybacks.
  • The company's commitment to returning significant amounts to shareholders underscores its…: The company's commitment to returning significant amounts to shareholders underscores its confidence in the future growth of the company.

Sources checked by our analysis pipeline: 1

Kwanwoo Jun / Wall Street Journal : SK Hynix plans to return $22B+ in dividends and ~$15B in buybacks to shareholders, on top of its ~$30B buyback program completed in August   —  The South Korean memory-chip maker's net profit more than tripled in the third quarter  —  South Korean memory-chip titan SK Hynix plans to return …

Original source: www.techmeme.com

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