Press Release
6-2, NIHONBASHI 3-CHOME, CHUO-KU, TOKYO 103-0027 JAPAN
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(TSE, NSE: 8616) September 20, 2018
Projected Interim Dividend in the Fiscal Year Ending March 31, 2019
We, Tokai Tokyo Financial Holdings, Inc. ("the Company"), announce that the meeting of our Board of Directors held today passed a resolution regarding our projected interim dividend of surplus for the fiscal year ending March 31, 2019 as detailed below. The year-end dividend will be decided and notified after evaluating the Company's performance in the second half of the fiscal year ending March 31, 2019.
It is the Company's dividend policy to continue stable payment while taking into account such factors as 1) basic target payout ratio of 30 to 50%, 2) the interest rate on Japanese Government Bond and 3) the level of dividend yield to be achieved with a view to encouraging the shareholders to possess the Company's shares for mid-to-long term period.
Regarding specifically the interim dividend for the year ending March 31, 2019, we focused on achieving appropriate dividend yield and stable dividend, and as a result, we determined as follows concerning the projected interim dividend.
Please note that the matter concerning the interim dividend in the end will be officially determined at the Board of Directors meeting to be held in October 2018.
Projected dividend for the current fiscal year (Interim dividend for FYE March 31, 2019) Record date: September 30, 2018 | Actual dividend in the previous fiscal year (FYE March 31, 2018) | |
Interim dividend per share | 12 yen as projected | 14 yen |
Year-end dividend per share | To be decided | 24 yen |
Annual Total | To be decided | 38 yen |
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Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.
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Tokai Tokyo Financial Holdings Inc. published this content on 20 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 September 2018 07:37:06 UTC