Sumitomo Metal Mining Co., Ltd. announced changes to the dividend policy. The Company has set forth its dividend policy in the 2021 3-Year Business Plan (hereinafter "21 3-Year Plan"), namely "consolidated payout ratio to be 35% or more in principle," with a basic financial strategy of maintaining the consolidated equity ratio of over 50%. The Board has resolved that DOE (dividend on equity ratio) of 1.5% shall be added as a minimum indicator, and that the dividend policy shall be changed to "dividends from surplus shall be paid out with a consolidated payout ratio to be 35% or more and a minimum indicator to be DOE of 1.5% in principle." This new dividend policy will take effect from the year-end dividend for the fiscal year ending March 31, 2024.
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