SK hynix Gains 3% on Reported $12 Billion Special Dividend From Kioxia Stake Sale

Key TakeawaysSK hynix shares rose 3% today after Korea’s Dong-A Ilbo reported the company plans a special dividend of about ₩16 trillion ($12 billion), paid for with gains from selling its Kioxia stake. SK hynix can afford the payout without cutting into its HBM spending, because the money would come from a one-time gain.