• 3
  • Comment
  • Favorite

SK Hynix Stock Rises as Korean Memory Giant Reportedly Weighs $12B Special Dividend from Kioxia Gains

Tiger Newspress10-26

US-listed SK hynix shares rose 1.5% in premarket trading.

SK Hynix is considering a special dividend of 16 trillion won ($12 billion), funded by gains from its investment in Japanese memory-chip maker Kioxia Holdings, South Korea's Dong-A Ilbo reported Monday, citing unnamed investment banking sources.

The payout would amount to about 80% of an estimated 20 trillion won in gains SK Hynix booked from its Kioxia investment in the first half of 2026. The company is expected to announce its plans alongside third-quarter earnings on Wednesday, according to the report.

SK Hynix said it was reviewing options to return money to shareholders but had not decided on a special dividend, according to a Bloomberg report, which added that the prospect of a payout has helped the stock hold up amid a broader selloff in AI-related shares.

SK Hynix joined a Bain Capital-led consortium in 2018 to acquire Toshiba's former memory-chip business for $18 billion. Kioxia's value climbed following its Tokyo stock-market debut in 2024.

While Bain Capital sold its entire stake earlier this year, SK Hynix still holds convertible bonds linked to an investment vehicle with about a 14% stake in Kioxia, according to Bloomberg.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24