138040 - Meritz Financial Group Inc.

138040 Summary
Banks
Stock Price & Overview
₩135,500 -1,400 (-1.02%) Close · Sep 4, 2026 KST
KOSPI | ₩KRW | Close: ₩135,500  ≈ US$97  ·  Market cap ₩22.7tn (≈ $16.2bn)

138040 Dividend Summary

Dividend per share, FY2025Yield at last close
Yield reported by the company (FY-end)Payout ratio (consolidated)
Total cash dividendsEarnings per share₩12,903
Consecutive years paid (on file)0DPS growth, 5-year CAGR
Dividend decisions filed in 20262
Per-share and payout figures are the company's own, from the dividend section of its DART annual report. 'Yield at last close' divides that per-share amount by the latest KRX close; the company-reported yield uses the fiscal-year-end price.

138040 Dividend History

Fiscal yearDPS (common)ChangeYield (FY-end)PayoutTotal cash ₩bnEPSDPS (preferred)
FY2025₩12,903
FY2024₩1,350-42.8%1.20%10.4%240.7₩12,259
FY2023₩2,360+2,147.6%4.10%22.0%448.3₩11,020
FY2022₩105-50.0%0.30%1.2%12.7₩8,406
FY2021₩210-76.7%0.50%3.3%26.4₩5,932
FY2020₩900+63.6%8.60%24.2%118.5₩3,596
FY2019₩550+17.0%4.60%18.6%74.2₩2,797
FY2018₩470-9.6%3.90%20.6%64.8₩2,169
FY2017₩520+73.3%3.40%19.4%71.8₩2,596
FY2016₩300+93.5%2.70%16.7%42.2₩1,799
FY2015₩155+82.4%1.20%10.7%21.8₩1,450
FY2014₩850.90%10.3%11.9₩971
Annual totals per fiscal year, interim and year-end combined, as reported in the annual report filed the following March. A year-end dividend for FY2025 is paid in April 2026.

138040 Dividend Decisions (filings)

All filings »
ks

Meritz reports a ₩248.5 billion interim dividend from its wholly-owned insurer

Meritz Financial Group is disclosing a decision by Meritz Fire & Marine Insurance, the unlisted general insurer it owns entirely. The insurer declared an interim dividend of ₩2,377 per share on 104,535,112 shares, ₩248.5bn in total, with an August 5 record date, and the whole amount goes to Meritz Financial Group. Measured against the group's 2025 net income of about ₩2.35tn the transfer is roughly 11% of a year's consolidated profit, though it moves cash inside the group rather than out of it. Payment is due within a week of the resolution, which is why the payment-date field is left blank. Meritz Fire accounts for 38.8% of group total assets.

Dividend08/06/26kstock explained
₩248.5bn≈ $178m
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Meritz files a record date for a dividend with exactly one recipient

The companion to the same-day disclosure of Meritz Fire & Marine Insurance's ₩248.5bn interim dividend. It fixes August 5, 2026 as the record date for determining who is entitled to receive it. The answer, stated in the filing itself, is Meritz Financial Group — the insurer's sole shareholder. Three outside directors attended the board meeting with none absent. The document repeats that Meritz Fire represents 38.8% of group total assets, the threshold measure that makes the parent's disclosure obligatory in the first place.

Dividend08/06/26kstock explained
A Korean dividend arrives as two filings: the board's cash-dividend decision (amount, record date, payment date) and, for year-end dividends, a shareholder-register closing notice.

How Korean dividends work

  • Record date and amount. Traditionally the record date was the fiscal year-end (December 31) and the amount was only set at the board meeting and AGM in February–March, so investors bought before knowing the payout. Under the 2023 procedure reform, companies that amended their articles now fix the amount first and set the record date afterwards; many large caps have adopted this, others still use the year-end date.
  • Ex-dividend. KRX settles T+2, so a share goes ex-dividend one business day before the record date. Year-end dividends are paid within a month of the AGM that approves them, typically April.
  • Interim and quarterly dividends need a provision in the articles; a minority of large companies pay quarterly, most pay once a year.
  • Withholding tax. Korea withholds 22% (20% plus local tax) from non-resident holders by default; the Korea–US treaty lowers it to 15% (10% for a corporate holder of at least 10%), subject to your broker filing the treaty paperwork. Residents pay 15.4%.
  • Preferred shares (“우선주”) usually carry a slightly higher per-share dividend than common shares and no vote.

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What a US investor should know

  • Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
  • Daily limitKorean stocks can move at most ±30% in a session before trading halts.
  • Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
  • ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.