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[EQUITIES] Hana Financial projects W3,100 year-end dividends per share for Hyundai Motor

[THE INVESTOR]  Hana Financial Investment on Oct.7 forecast Korea’s largest carmaker Hyundai Motor would hand out year-end dividends of up to 3,100 won (US$ 2.70) per share. 

The brokerage also calculated that the annual dividend profit ratio for ordinary shares at 3 percent, and 3 percent for preferred shares.

Further, the carmaker’s third-quarter operating profit was expected to fall 14 percent on-year to 1.3 trillion won, which was lower than market estimates, but still on par with recent projections, Hana said.

By Kim Ji-hyun (