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Samsung announces stock split, expects semiconductors demand to stay strong

The tech giant's stock split is the latest in a series of moves to bolster shareholder returns

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Joyce Lee & Ju-min Park | Reuters Seoul
Samsung Electronics announced Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip “super-cycle.”
 
The tech giant’s stock split is the latest in a series of moves to bolster shareholder returns, including 5.8 trillion won ($5.4 billion) in annual dividends and 9.2 trillion won in share buybacks and cancellations in 2017.
 
The firm’s largesse has encouraged investors to hold shares despite concerns that the memory business may be peaking. The stock split will open the door to retail investors

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First Published: Jan 31 2018 | 9:24 PM IST

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