Long-standing Samsung C&T investor to vote in favor of share buyback and increased dividend proposals at upcoming AGM
Proposals supported by ISS and Glass Lewis
Consistent with recommendations Palliser presented in December 2023 to reduce the Company’s persistent discount
LONDON–(BUSINESS WIRE)–Palliser Capital (“Palliser”), a long-standing investor in Samsung C&T Corp. (“SCT” or … ).
As a long-standing investor in Samsung C&T Corp., Palliser Capital has announced its support for the share buyback and increased dividend proposals that will be put forth at the upcoming Annual General Meeting. These proposals are not only supported by influential proxy advisory firms ISS and Glass Lewis, but they are also consistent with recommendations Palliser presented in December 2023 to reduce the persistent discount that the Company has been experiencing.
Share buybacks and increased dividends are often seen as ways for companies to return value to their shareholders. By reducing the number of shares outstanding through buybacks, the company can increase the value of each remaining share. Additionally, higher dividends can provide shareholders with a steady income stream. In this case, Palliser believes that these proposals will not only benefit the company’s shareholders but also help address the discount that Samsung C&T Corp. has been trading at.
It is important for investors to pay attention to such proposals and recommendations from proxy advisory firms like ISS and Glass Lewis. These recommendations are usually backed by thorough analysis and can provide valuable insights into the company’s financial health and performance.
How it will affect me:
If you are an investor in Samsung C&T Corp., the approval of these proposals could potentially lead to an increase in the value of your shares and provide you with higher dividend payments. It is important to stay informed about such developments and make decisions based on your own financial goals and risk tolerance.
How it will affect the world:
Share buybacks and increased dividends can have a ripple effect on the overall market and economy. By returning value to shareholders, companies can boost investor confidence and attract more investment. This can also lead to increased economic activity and growth, benefiting not only shareholders but the broader economy as well.
Conclusion:
Overall, the support for share buyback and increased dividend proposals at Samsung C&T Corp. by Palliser Capital and influential proxy advisory firms like ISS and Glass Lewis is a positive development for the company and its shareholders. It is important for investors to stay informed about such proposals and make decisions based on their own financial goals and risk tolerance. Share buybacks and increased dividends can not only benefit individual investors but also have a positive impact on the overall market and economy.
