Samsung Electronics' Q3 dividend jumps 12-fold, totals to $22.5 bil.

Samsung Electronics on Thursday reported 107.44 trillion won ($80.4 billion) in third-quarter operating profit, setting a new quarterly earnings record. The company said in a regulatory filing that its revenue and operating profit for the July-September period stood at 195.25 trillion won and 107.44 trillion won, respectively. Revenue grew 126.9 percent year-on-year, while operating profit surged 783 percent. Its operating profit margin reached 55 percent during the three-month period. During its board meeting, the company approved a quarterly dividend of 4,601 won per share, more than 12 times its quarterly payout of around 370 won per share in the first and second quarters. The total dividend payout for the third quarter amounts to 30 trillion won, and will be paid on Nov. 27.