Specializing in chemical and fiber materials, Huvis (CEO You Dong Shin, 079980) held a board meeting on March 11 and disclosed its decision to pay a cash dividend of 300 KRW per share. This comes to a dividend yield of 3.6%, with the total amount reaching 9.87 billion KRW.
The dividend date is December 31, 2020 and is set to be paid out before April 30, 2021.  For 9 years since the stock market listing in 2012, Huvis has been consistently paying an average cash dividend of over 3.2%, which is much higher than the KOSPI average of 2.3% (2019 average).

In the performance disclosure that same day, Huvis also revealed its 2020 sales of 920.3 billion KRW, operating profit of 39.9 billion KRW, and net income of 82.6 billion KRW (based on the consolidated financial statement).
“Our profitability recovered due to the rapid increase in sales of health and sanitary materials, and our pre-tax profits increased significantly by selling all of the shares (16.52%, 158 thousand shares) owned by TSK Corporation at the end of last year,” said an official at Huvis. “Once the production line for sanitary materials that we’re currently extending begins operation in the first-half year, and eco-friendly materials such as biodegradable fiber and recycled fiber are out in the market for sale, the increase in our profitability will be accelerated.” 

Huvis will be holding its 21st annual general meeting of shareholders in the Uno Building located in Seolleung-ro, Gangnam-gu at 9:30 a.m. on the 30th of March.
The company will adopt an electronic voting system to prevent any infection of COVID-19 and increase convenience for shareholders to exert their voting rights even if they cannot attend the meeting. The detailed procedures and method for the electronic voting system will be announced in the notice for the general meeting.