Samsung Electronics may raise dividend by 30-50 per cent over 2013

Samsung Electronics, the South Korean technology major, said on Friday it is considering increasing its dividend payout for 2014 by between 30 per cent and 50 per cent compared with 2013.

Samsung, the world's No. 1 smartphone maker, said in a regulatory filing that the tech conglomerate's board of directors will determine the year-end dividend amount at the end of January and seek approval at the annual shareholder meeting scheduled for March.

The South Korean company had said in January 2014 that it would significantly increase dividend payouts this year, though in July it kept the interim dividend unchanged over the 2013 level.

(Reuters)