Hyundai $HYUD (+0 %)
$005380 expects this year's largest shareholder return ever 🤝

Hyundai Motor Company is on track to deliver its highest ever shareholder return this year, thanks to proceeds from its recent IPO in India. The carmaker's moves are part of an ambitious strategy by CEO Chung Euisun to share the profits from Hyundai's rapid global growth more directly with investors.

Promises backed up with action

Just three months after announcing a plan to buy back and partially retire 4 trillion won (USD 2.816 billion) worth of its own shares over a three-year period, Hyundai Motor Company surprised the market by spending 1 trillion won (USD 704 million) - a quarter of the total planned buyback - in one go last week. These funds largely came from the company's Indian IPO, showing investors that the company is quickly delivering on its promises 💪

This year alone, Hyundai Motor Company has already paid out 1.58 trillion won (USD 1,112 billion) in dividends. Although the dividend at the end of the year was modest, the total return to shareholders will exceed 3 trillion won (USD 2,112 billion), breaking the company's previous record.

Some analysts, such as analyst Song Sun-jae of Hana Securities, believe that the total shareholder return this year will be about 40% of the company's net profit of the company's net profit.