KB considered most stable financial firm despite dividend uncertainty

KB considered most stable financial firm despite dividend uncertainty
Posted : 2020-12-28 16:42
Updated : 2020-12-28 19:22
KB Financial Group Chairman Yoon Jong-kyoo speaks during a shareholders' meeting at its headquarters on Yeouido in Seoul on Nov. 20. Yonhap
By Lee Min-hyung
With financial authorities pressing banks to reduce this year's dividends, local financial stocks have failed to make any astonishing year-end rebounds even the day before the dividends date scheduled on Tuesday.
In Korea, banks' share prices have been stuck in a box pattern for the past decade.
Even if the benchmark KOSPI is setting a new record high amid its unceasing rally after the pandemic-induced crash in March, major bank shares have remained in the doldrums. Typically, their price surges around December amid investors' hopes for relatively high dividends from bank shares.

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