SK Hynix is reportedly planning a special dividend payout of approximately $12 billion to its shareholders, funded by gains from its investment in Japanese chipmaker Kioxia Holdings. Following reports of the planned distribution, SK Hynix shares rose to a two-week high on October 27. The proposed dividend stems directly from the company's investment returns in Kioxia.
A Korean newspaper reported the distribution could reach $12 billion from Kioxia gains, while the company said no action had been finalized ahead of its third-quarter results on October 28.
Read the full storyThe company has not finalized any action or amount, while media reports have linked the potential payout to gains of about 20 trillion won from its investment in Kioxia.