SK Hynix surges 13% after doubling Q3 dividend to 20,000 won on Kioxia gains
TiernanRayTech · x · 2026-10-29
SK Hynix beat expectations and its stock jumped 13%.
- Q3 dividend doubled to 20,000 won per share ($15): 10,000 won from improved earnings plus a 10,000 won special dividend sharing gains from its Kioxia investment
- The company is returning most of this year's Kioxia investment gains to shareholders, about $1.50 per ADR
- At roughly 2.5x projected earnings, analysts are pounding the table; the main open question is how fast new memory supply arrives
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