SK Hynix is said to plan $12B special dividend from Kioxia investment

What happened: SK Hynix (SKHY) is preparing a special dividend of about 16 trillion won to shareholders, funded by gains from its investment in Kioxia Holdings (KXIAY)(KXHCF), per a DongA Ilbo report. Key numbers: Approximately 16 trillion won ($12 billion) special dividend. Why it matters: The payout would return gains from the Kioxia stake directly to shareholders, according to the report. Coverage: 3 outlets in 24h

SK Hynix (SKHY) is preparing a special dividend of about 16 trillion won to shareholders, funded by gains from its investment in Kioxia Holdings (KXIAY)(KXHCF), per a DongA Ilbo report.

The payout would return gains from the Kioxia stake directly to shareholders, according to the report.