KT - KT Corporation: Positive On Q2 Results And Dividend Policy Commitment

• KT Corporation's Q2 2021 operating income and net profit exceeded market expectations, as both the company's wireless and non-wireless businesses did well in the most recent quarter.
• The stock offers consensus forward FY 2021 and FY 2022 dividend yields of 5.1% and 5.4%, respectively, and the company reiterated its commitment to a 50% dividend payout policy.
• KT Corporation trades at a trailing P/B multiple of 0.48 times and a consensus forward FY 2022 normalized P/E multiple of 8.3 times.

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