Woori Financial Group Inc. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Financial Group) was submitted on October 26, 2023. The report details a resolution passed by the Board of Directors regarding the payment of a quarterly cash dividend.
Key Financial Metrics
The filing focuses on dividend distribution rather than comprehensive financial performance metrics such as revenue, profit, or cash flow. Key figures provided include:
- Dividend per Common Share: KRW 180
- Total Dividend Amount: KRW 135,341,192,880
- Record Date: September 30, 2023
- Market Price Dividend Rate: 1.4%
- Total Shares Subject to Dividend: 751,895,516 shares
The filing does not provide data on revenue, profit, margins, debt, or liquidity positions.
Material Changes
The filing does not contain comparative financial data or discuss material changes in financial performance versus prior periods. It solely announces the specific dividend resolution.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors resolved to recommend the cash dividend. The market price dividend rate was calculated using the average market price of common shares during the one week prior to the date two business days before the record date.
Disbursement Timeline: In accordance with the Financial Investment Services and Capital Markets Act, the dividend is expected to be disbursed within twenty days from the date of the board resolution (October 26, 2023).
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the ex-dividend date and payment date to confirm eligibility for the KRW 180 per share distribution.
- Confirm the total number of outstanding shares (751,895,516) against the latest capital structure reports.
- Review the company's Form 20-F or quarterly reports for comprehensive financial performance data (revenue, profit, liquidity) as this filing does not contain such metrics.
- Monitor the actual disbursement date to ensure it falls within the statutory twenty-day window from October 26, 2023.