South Korea's state pension operator is expected to post a dividend income of nearly 2 trillion won (US$1.84 billion) this year on strong earnings by tech and financial firms, a market tracker said Wednesday.
According to FnGuide, the National Pension Service (NPS) is estimated to receive 1.96 trillion won from big-cap listed companies that close their books in December.
The estimate is based on some 150 companies' dividends for which three or more local securities companies have offered forecasts. The pension operator has a stake of 5 percent or more in those firms.
The NPS is projected to reap large dividends from chipmakers and other tech companies that have led the bull run of the local stock market this year.
The state pension operator is projected to receive the largest dividend of 435.6 billion won from top-cap Samsung Electronics Co, in which it has 9.03 percent interest.
Local brokerages have forecast Samsung Electronics to pay a dividend of 34,236 won per share this year.
The NPS is predicted to receive 81.2 billion won in dividends from leading auto parts maker Hyundai Mobis Co. for its stake of 9.02 percent and 80.9 billion won from Samsung Fire & Marine Insurance Co. for its 9.11 percent interest.
Its dividend income from chipmaker SK hynix Inc., which has powered the rally of the main bourse, along with Samsung Electronics this year, is estimated to reach 32.4 billion won. The NPS owns 9.99 percent of the chip behemoth.
The NPS, which had 602.7 trillion won under its management at the end of August this year, ranks as one of the three biggest pension operators in the world. (Yonhap)