In 2018, Choggiung’s Board approved a dividend policy to pay predictable and ever-increasing dividends. While the epidemic is causing some financial uncertainty in our business, we feel it is most important to provide benefit to our shareholders during this unprecedented event.
Following Choggiung’s approved dividend policy, the Choggiung Limited Board of Directors and Choggiung, Limited Settlement Trust Board of Trustees authorized a contribution to the Settlement Trust and distribution to shareholders in the amount of $1.57 per share to be paid on Monday, April 6, 2020. This represents a 25% increase from the distribution paid one year ago.
Dividends paid from the Choggiung Limited Settlement Trust are non-taxable.