Woori Financial Group (NYSE: WF) sets KRW 220 per-share dividend with tax benefit
Rhea-AI Filing Summary
Woori Financial Group Inc. approved a quarterly cash dividend of KRW 220 per common share. The dividend corresponds to a market price-dividend ratio of 0.7%, calculated from the average market price over the specified one-week period before the July 24, 2026 board decision.
Based on 728,035,737 common shares outstanding as of July 23, 2026, the indicative total dividend is KRW 160,167,862,140, which may change with share count on the record date of August 10, 2026. The scheduled payout date is August 31, 2026, and no shareholders’ meeting will be held for this dividend.
The dividend will be paid from funds converted into retained earnings through a reduction of capital reserve. For most shareholders it is not treated as taxable dividend income under Korean tax law, though for certain resident large shareholders the exclusion applies only up to the book value of their shares. The payout date may change following discussions with relevant institutions.
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Key Figures
Dividend per share: KRW 220 per common share
Total dividend amount: KRW 160,167,862,140
Shares outstanding basis: 728,035,737 shares
+5 more
8 metrics
Dividend per share
KRW 220 per common share
Quarterly cash dividend approved by the board
Total dividend amount
KRW 160,167,862,140
Calculated on 728,035,737 common shares as of July 23, 2026
Shares outstanding basis
728,035,737 shares
Common shares outstanding used to compute total dividend
Market price-dividend ratio
0.7%
Dividend per share relative to average market price in defined period
Dividend record date
August 10, 2026
Shareholders on record as of this date are entitled to the dividend
Scheduled payout date
August 31, 2026
Planned date for cash dividend payment, subject to possible adjustment
Board resolution date
July 24, 2026
Date the board approved the quarterly dividend
Outside directors present
7 directors
Number of outside directors present; none were absent for the decision
Key Terms
market price-dividend ratio, capital reserve, retained earnings, dividend income, +2 more
6 terms
market price-dividend ratio financial
"The item “4. Market price-dividend ratio (%)” above is based on the dividend per share"
capital reserve financial
"paid from funds converted into retained earnings through a reduction of capital reserve"
A capital reserve is a portion of a company's profits set aside for special purposes, such as funding future growth or covering unexpected expenses. It acts like a savings fund that helps ensure the company’s stability and long-term success, which is reassuring for investors because it indicates the company is prepared for future opportunities or challenges.
retained earnings financial
"will be paid from funds converted into retained earnings through a reduction of capital reserve"
Retained earnings are the cumulative portion of a company's profits that management keeps instead of distributing to shareholders as dividends; they appear on the balance sheet as part of owners’ value. For investors, retained earnings matter because they act like a company’s savings account—funding growth, paying down debt, or supporting future dividends—and their size and changes reveal how profitable the business has been and how management chooses to use those profits.
dividend income financial
"will not be considered to be dividend income under the Income Tax Act of Korea"
Dividend income is the cash or additional shares an investor receives for owning stock or units in a company or fund, typically paid out from profits or reserves. It matters because it provides a regular stream of return—like collecting rent from a property—helping investors assess income stability, supplement cash flow, and evaluate total return and the attractiveness of an investment.
Enforcement Decree of the Income Tax Act of Korea regulatory
"in accordance with the relevant regulations (Article 26-3, Paragraph 6 of the Enforcement Decree of the Income Tax Act of Korea)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What dividend did Woori Financial Group (WF) declare for July 2026?
Woori Financial Group’s board resolved a quarterly cash dividend of KRW 220 per common share. It is based on current outstanding shares and may change slightly with share count on the record date.
What are the record date and payment date for Woori Financial Group (WF) dividend?
The record date is August 10, 2026, and the scheduled dividend payout date is August 31, 2026. The payout date can be adjusted after discussions with relevant institutions, if required.
How large is Woori Financial Group’s (WF) total dividend for this quarter?
The indicative total dividend is KRW 160,167,862,140, calculated on 728,035,737 common shares outstanding as of July 23, 2026. The final amount may vary with the actual share count on the record date.
What is the market price-dividend ratio for Woori Financial Group (WF) dividend?
The dividend corresponds to a market price-dividend ratio of 0.7% for common stock. This uses the dividend per share over the arithmetic average of final market prices in the defined one-week pricing window.
How is Woori Financial Group (WF) funding this dividend and what is its tax treatment?
The KRW 220 per-share dividend is funded from capital reserve converted into retained earnings. For most shareholders it is not treated as taxable dividend income under Korean Income and Corporate Tax Acts, with specific limits for certain large resident shareholders.