Hanwha Asset Management Increases Dividend of PLUS High Dividend ETF
Hanwha Asset Management has increased the monthly dividend per share of its 'PLUS High Dividend ETF' from 73 KRW to 78 KRW. This marks the second increase this year, resulting in a total rise of 23.8% in the per-share dividend. The latest rebalancing has improved the expected dividend yield, with new inclusions like Hyundai Motors, Hyundai Elevator, and LX International, while K Car, HD Hyundai, and GS Construction have been excluded.
This enhancement is attributed to favorable changes in the investment environment for dividend stocks. Amendments to corporate laws and separate taxation of dividend income are creating a beneficial backdrop for such investments, enhancing their appeal to investors. Currently, Hanwha's ETF boasts assets under management of 1.555 trillion KRW and has posted a 35.5% return over the past year.
General Director Jeongseop Geum anticipates that these dividend stocks will become more significant in the future financial landscape, with legal amendments and tax benefits continually supporting dividend stock investments. This is expected to significantly contribute to providing a more stable return environment for investors.
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