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Cheil Industries vows more dividends amid merger dispute

2015-06-30 14:18:54| Electronics - Topix.net

By Suk Gee-hyun Cheil Industries announced Tuesday that it will increase dividend payouts to investors in an apparent attempt to win over stakeholders' approval of its proposed merger with Samsung C&T. In a bid to sway shareholders, Cheil Industries, the de facto holding company of Samsung Group, called an impromptu investor relations session in Seoul to announce that the payout ratio would gradually be raised to 30 percent by 2020 from 21 percent in 2014.

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