At the Board of Directors meeting today, CMIC HOLDINGS Co., Ltd. resolved to distribute dividends of surplus with record date of September 30, 2022.
Notes
1. Description of dividends
Resolution |
Current Dividend Forecast (Nov. 8, 2022) |
FY 2021 |
|
Record date |
September 30,2022 |
September 30,2022 |
September 30,2021 |
Dividend per share |
45.00 yen (Ordinary dividend 35.00) (Commemorative dividend 10.00) |
45.00 yen
(Ordinary dividend 35.00) (Commemorative dividend 10.00) |
28.50 yen (Ordinary dividend 28.50) |
Total Dividend Amount |
797 million yen |
― |
520 million yen |
Effective date |
December 1,2022 |
― |
December 1,2021 |
Dividend source |
Retained earnings |
― |
Retained earnings |
2.Reasons
Our basic policy is to prioritize the distribution of profits to shareholders as one of our key managerial policies and to distribute performance-based dividends while securing retained earnings to improve earnings and strengthen our corporate base. We shall make steady and stable distributions of dividends with a target consolidated payout ratio of 30%. At the same time, the Company shall purchase treasury stocks flexibly by taking into consideration stock market trends, capital efficiency, and other factors.
The term-end dividend shall be 45.00 yen per share, which is the sum of 35.00 yen of ordinary dividend and 10.00 yen of the Company’s 30th anniversary commemorative dividend, as in the latest forecast (announced on November 8, 2022). As a result, the annual dividend that includes the dividend of 5.00 yen at end of the second quarter already paid is 50.00 yen per share, which is the highest annual dividend ever recorded.
(Reference)Annual dividend
Annual dividend (Yen) |
|||
Record date |
The end of the second quarter |
The end of the term |
Total |
Term-end dividend for this fiscal year |
5.00 yen |
45.00 yen
(Ordinary dividend35.00) (Commemorative dividend 10.00) |
50.00 yen |
Term-end dividend for the fiscal year ending Sept. 30, 2021 |
5.00 yen |
28.50 yen |
33.50 yen |