Huvis(CEO Bae-keun Yoo, 079980), specializing in chemical and fiber materials, announced that it held a Board of Directors meeting on February 26th and opted to issue a cash dividend of 300 won per share. This is amounts to a dividend yield of 3.8 percent, with total dividends of 9.87 billion won. Since being listed on the stock market in 2012, Huvis has issued a cash dividend for the last four years in a row. The date of dividend is based on December 31, 2015, and dividends will be paid before April 30, 2016.
 
Last year, Huvis posted revenue of 1.2051 trillion won, operating profit of 33.6 billion won and current net income of 21.1 billion won, down 12.1%, 22.8% and 25.7% respectively from a year earlier.
 
"These declines resulted from a reduction in the prices linked to raw material prices due to a plunge in oil prices, but our sales volume has not changed much from last year with a continued increase in sales of our differentiated products," claimed a source from Huvis. "We will make utmost efforts to increase profitability by, for example, forming a product portfolio centered on high value products and expanding Huvis Water's water treatment business to the global market in order to reinforce our market dominance in the increasingly competitive materials market."