Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. covers the month of March 2019. The report details a resolution passed by the Board of Directors of Woori Bank on March 6, 2019, regarding the recommendation of a cash dividend for the fiscal year ended December 31, 2018.
Key Financial Metrics
The filing focuses on dividend distribution rather than comprehensive financial performance metrics such as revenue, profit, or cash flow. Specific figures provided include:
- Dividend per common share: KRW 650 (representing 4.0% of the market price).
- Total dividend amount: KRW 437,626,296,900.
- Shares subject to payment: 673,271,226 shares.
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity positions.
Material Changes
The primary material event is the Board's recommendation of a cash dividend. The filing does not provide comparative data against prior periods to assess material changes in financial performance.
Guidance, Outlook, and Contingencies
Contingencies: The disbursement of the recommended dividend is subject to two conditions:
- Results of the audit.
- Approval at the annual general meeting of shareholders of Woori Bank.
Investor Verification Checklist
- Confirm the final approval of the dividend at the annual general meeting of shareholders.
- Verify the final audit results to ensure the dividend recommendation remains valid.
- Monitor the official announcement of the dividend disbursement date following shareholder approval.