Hyundai Rises After Announcing Possible Interim Dividend
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Hyundai Motor Co. rose the most in more than two years after announcing plans for possible interim dividends from next year and predicting improved earnings for the current quarter.
South Korea’s largest automaker is considering shareholder payouts in addition to annual dividends starting in 2015, Chief Financial Officer Lee Won Hee said in a conference call after Hyundai released third-quarter earnings. The move helped ease concerns that the 10.6 trillion won ($10 billion) cash property purchase by Hyundai and two affiliates would limit the prospects of increased dividends.