$56 billion cash pile will be used to fund growth for Samsung Electronics

According to the Korean juggernaut's investor relations head Samsung Electronics will make use of its $56 billion cash pile to fund growth through acquisitions and other investments, this is being done at a time when the company's shareholders are demanding for dividends to be even bigger. Even though the company saw a decline in profit last year, that too for the first time in three years, investors were happy about the 40 percent dividend boost as well as Samsung's first share buyback since 2007.

The head of investor relations at Samsung, Robert Yi, said that the company's shareholders should not expect the same this year as Samsung is fully focused on growth. Speaking to Reuters Yi said that while dividends and other forms of returns are responsibilities that the company has for shareholders, it will make efforts to meet them, “but our primary objective is growth and that is what we are communicating to our shareholders.”

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Adnan Farooqui - Executive Editor

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First Samsung device: SGH-E900

Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

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