Hyundai Motor Company has decided to suspend the interim dividend for FY2020 to preemptively secure liquidity in response to worsening business environment and escalated uncertainty caused by COVID-19.
Moving forward, through active risk management, we will overcome current hardship, as well as continue to put every effort to establish the foundation for sustainable future growth.
Our shareholder return strategy remains broadly unchanged and our unwavering intention is to resume normalized dividend in second half in accordance with the recovery of macroeconomic outlook and our business performance.
We will, along the way, continue to respond to these challenging times, adapting swiftly to the reshaping of auto market and further preserving shareholder value.
Thank you.