The company said its Board of Directors on February 24, 2025 authorized an increase in the share repurchase program to an aggregate of $6.3 billion, of which $0.3 billion of capacity remained under its previously authorized program.

1. 01

   The company said its Board of Directors on February 24, 2025 authorized an increase in the share repurchase program to an aggregate of $6.3 billion, of which $0.3 billion of capacity remained under its previously authorized program.

2. 02

   The company said on February 26, 2025 it entered into ASR agreements with Barclays Bank PLC and J.P. Morgan Chase Bank, National Association, under which it will advance a total of $2.0 billion on February 27 and immediately receive and retire an initial delivery of shares valued at $1.6 billion.

3. 03

   The company said the final number of shares it will repurchase under the ASR will be based on the average of the daily volume-weighted average prices over the term of the agreements, less a discount, and that final settlement is expected to occur by June 30, 2025.

4. 04

   The company said it will raise its quarterly common stock dividend by $0.03 per share, from $0.12 to $0.15, and expects to have $4.3 billion remaining in share repurchase capacity for additional, opportunistic repurchases after the ASR is completed.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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