POSCO (PKX) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
POSCO Holdings Inc. has announced the cancellation of 1,691,425 of its common stock treasury shares, with no change to the company’s overall capital as this action is part of the dividend distribution plan. The estimated amount for the share retirement is approximately 662.2 billion KRW, based on the closing price before the board’s resolution on July 12, 2024. The scheduled retirement date for these shares is set for July 31, 2024.
For further insights into PKX stock, check out TipRanks’ Stock Analysis page.