Samsung is considering a stock split in a bid to keep its investors happy as the outfit experiences sliding profits.
Samsung head of investor relations Robert Yi told reporters the company had been considering a stock split for some time but it was too early to make a decision. A split would make Samsung shares easier to buy and could attract more retail investors.
The world’s top smartphone maker has launched a $2 billion share buy-back program and promised to increase its 2014 year-end dividend by up to 50 percent in a bid to lift its share price and placate investors.
However, Samsung shares are well below last year’s peak of $1,380 mostly because of a string of quarterly profit declines. In fact, the only thing that stopped them sinking lower was the buyback and a planned dividend increase.
Apple saw its shares end up 37.7 percent last year, thanks in part to a seven-for-one split, so it might be another case where Samsung is emulating Jobs’ Mob.
