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Dividend Policy

Dividend Distribution

unit 2020 2021 2022 2023
Earnings per Share ₩ 1,629 1,508 3,258 3,786
Dividend per Share ₩ 180 250 400 400
Free Cash Flow* (A) ₩ M 9,020 3,693 17,020 17,080
Total Dividend ₩ M 1,195 1,717 2,761 2,768
Payout Ratio** (B/A) % 13.2% 46.5% 16.2% 16.2%

* Free Cash Flow(FCF) = OCF (Operating Cash Flow) minus CAPEX (Capital Expenditure)
** Payout ratio is the ratio of total dividends to free cash flow.(Payout Ratio = Total dividend / FCF)

Dividend Policy to Enhance Shareholders’ Value

Park Systems prioritizes investments in both organic and inorganic growth.

Thereafter it plans for share repurchases and dividend payouts.
The dividend payments are expected to range between 10% and 50% of Free Cash Flow (FCF).