At the Board of Directors meeting today, CMIC HOLDINGS Co., Ltd. resolved to distribute dividends of surplus with record date of September 30, 2023.
Notes
1. Description of dividends
Resolution |
Current Dividend Forecast (Nov. 8, 2022) |
FY 2022 |
|
Record date |
September 30,2023 |
September 30,2023 |
September 30,2022 |
Dividend per share |
45.00 yen |
45.00 yen (Ordinary dividend 45.00) |
45.00 yen |
Total Dividend Amount |
766 million yen |
― |
797 million yen |
Effective date |
December 1,2023 |
― |
December 1,2022 |
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.
Considering the policy, term-end dividend shall be 45.00 yen. As a result, annual dividend that includes the dividend of 5.00 yen at end of the second quarter already paid is 50.00 yen per share.
(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 |
50.00 yen |
Term-end dividend for the fiscal year ending Sept. 30, 2022 |
5.00 yen |
45.00 yen (Ordinary dividend 35.00) (Commemorative dividend 10.00) |
50.00 yen |
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