1. KT&G Interim Dividend: Key Information

KT&G declared an interim cash dividend of KRW 1,400 per share. The record date is August 22, 2025, and the payment date is September 8, 2025. The dividend yield based on the current price is approximately 1.0%.

2. Strong Fundamentals, but Considerations Remain

KT&G maintains solid performance, driven by growth in the heated tobacco market and business diversification. Its robust financial structure and proactive shareholder return policy are also strengths.

  • Strengths: HNB market leadership, business diversification, solid financials, shareholder return policy
  • Risks: Declining domestic tobacco market, intensifying global competition, exchange rate and interest rate volatility

3. Impact of the Dividend on Stock Price

The interim dividend is expected to positively impact the stock price in the short term. This is due to the anticipated increase in shareholder value and support for the stock price. However, the ex-dividend effect and market expectations should be considered.

  • Positive Impacts: Increased shareholder value, stock price support, improved investor sentiment
  • Potential Risks: Ex-dividend effect, capital outflow

4. Action Plan for Investors

When considering investing in KT&G, it’s crucial to analyze factors such as HNB market growth, global market penetration performance, and the company’s ability to respond to macroeconomic changes. It is also important to carefully consider the sustainability of future shareholder return policies. Monitoring the growth trend through the Q2 earnings announcement and tracking the implementation of shareholder return policies is key.