Shinyoung Securities Co. Ltd. raised its annual cash dividend for the fiscal year ended March 31.

The company said May 16 that it declared a dividend of 2,750 South Korean won per common share and 2,800 won per preferred share, up from the prior year's dividend of 2,450 won per common share and 2,500 won per preferred share.

The record date for the dividend is March 31.

As of May 16, US$1 was equivalent to 1,078.62 South Korean won.