Celltrion to allot cash, stock dividend at once

South Korea’s biosimilar maker Celltrion Inc. on Friday announced a plan to allot cash and stock dividends simultaneously. 

The company will pay a cash dividend of 750 won ($0.5) per common share and a stock dividend of 0.05 won.

The total cash dividend amount is 153.7 billion won, and the total number of dividend shares is 12.5 million.

Celltrion's dividends will be paid to shareholders on the ex-dividend date after the final approval at the annual general meeting in March next year. 

The record date is December 31. 

Previously, Celltrion decided to retire about a quarter of its treasury stock worth 563 billion won in January next year.

Since the start of this year, it has bought back about 430 billion won in shares.

The company will continue to grow its dividend to 30% of profit after investment. 

Write to Dae-Kyu Ahn at powerzanic@hankyung.com