SK Telecom Hints of Dividend Increase for 2019; FVE Increased to USD 27
SKT’s operating profit for fourth-quarter 2018 was down 33% despite the lapping of government mandated mobile tariff cuts introduced on Sept. 15, 2017, as more customers took advantage of those tariff cuts. While the company maintained its KRW 10,000 per share dividend for 2018, it hinted at a potential dividend increase in 2019, largely to distribute some of the dividend it receives from its 20.6% stake in SK Hynix back to SK Telecom shareholders. The noncore business (ex-SK Hynix) reported an ...
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