[DigitalToday reporter Seulgi Son] Inorules, an artificial intelligence solutions company, disclosed on Monday that it has decided on a cash dividend of 220 won per share.

According to South Korea’s Financial Supervisory Service electronic disclosure system, Inorules held a board meeting on Feb. 2 and approved the 220 won per-share dividend plan. It is the fourth consecutive year the company has paid a dividend since listing on the KOSDAQ in 2022. The total dividend is about 1.1 billion won, and the dividend yield is 3.8 percent.

The dividend will be paid through a capital reserve reduction, exempting shareholders from the 15.4 percent dividend income tax. It will use 3.0 billion won from a capital reserve reduction approved at an extraordinary general meeting of shareholders in November last year as its funding source. This has the effect of saving about 34 won in tax per share compared with a regular dividend. Large shareholders and others, however, receive the tax exemption only within the limit of their acquisition cost for the shares they hold.

The dividend record date is Dec. 31 last year. If it is finally confirmed after approval at the regular general meeting of shareholders in March, it is expected to be paid within one month.