Samsung Electronics shares rise more than 4% on dividend, profit recovery hopes

Several brokerages have tipped Samsung Electronics to post a recovery in fourth-quarter profit, after bottoming out in the July-September period.

Seoul: Shares in Samsung Electronics rose more than 4 percent early on Friday after local media said the electronics giant had decided to increase dividend payouts to boost shareholder value.

Samsung Electronics didn`t immediately comment on the reports, but South Korea`s main bourse operator has asked the electronics giant to clarify its position on the matter via regulatory filing by 0900 GMT.

Several brokerages have tipped Samsung Electronics to post a recovery in fourth-quarter profit, after bottoming out in the July-September period.

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