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NSSMC announcement of revision in forecasts for dividend

Steel News - Published on Fri, 08 Feb 2019

Image Source: nssmc.com
The Board of Directors of Nippon Steel & Sumitomo Metal Corporation held on February 6, 2019 has decided to revise the forecasts for year-end dividend from retained earnings as follows.

1. Reason for the Revision
When the first half results were announced on November 2, the Company had not determined a year-end dividend distribution amount for the current fiscal year ending March 31 2019. In accordance with the basic profit distribution policy described previously announced, after due consideration of the earnings forecasts for the year and other factors, the Company intends to distribute a dividend of JPY 40 per share at the end of the second half (year-end). This would bring the full-year dividend distribution amount to JPY 80 per share, representing a consolidated dividend payout ratio of approximately 31%.

Source :

Posted By : Rabi Wangkhem on Fri, 08 Feb 2019
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