0241 GMT - KT Corp.'s improving profitability may lead to dividend increases in the coming years, Daiwa Capital analysts Thomas Y. Kwon and Joon Lee write in a note. The analysts raise their earnings-per-share forecasts for the South Korean telecom giant by 13.5% for 2025 and 7.4% for 2026 to reflect revenue growth from its services using artificial intelligence, solid earnings from its property-development segment and corporate restructuring efforts. They expect KT's dividend per share to reach KRW2,200 in 2025 and KRW2,400 in 2026, up from KRW2,000 in 2024. Daiwa raises its target price on the stock by 4.7% to KRW55,500 and keeps a buy rating. Shares are 2.1% higher at KRW48,550. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 22:41 ET (02:41 GMT)
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