KT’s Q1 performance, with a 4.5% decrease in operating profit and a 21.6% increase in CAPEX, appears sluggish on the surface. However, from a dividend investor’s perspective, this period presents an attractive rise in dividend yield. Especially given that foreign ownership has already reached its limit, making further acquisition challenging from a supply-demand standpoint, the officially announced shareholder return policy is highly likely to lead to an expansion of dividend resources. Rather than being swayed by short-term earnings volatility, investors should focus on the qualitative shift in long-term shareholder returns.
