May 27, 2019
To Whom It May Concern:
Company Name: Hitachi Metals, Ltd.
Name of Representative: Koji Sato
President and Chief Executive Officer
(Code: 5486; First Section of the Tokyo Stock Exchange)
Contact: Tatsuya Minami
General Manager, Corporate Communications Dept. (TEL: 03-6774-3077)
Notice Concerning Dividends
Hitachi Metals, Ltd. hereby announces that dividends to shareholders of record as of March 31, 2019, as shown below, were declared upon resolution at the Board of Directors meeting on May 27, 2019.
1. Dividend Information
Amount declared | Latest dividend forecast | Actual for previous period | |
(Announced April 25, 2019) | (FYE March 2018) | ||
Record date | March 31, 2019 | Same as at left | March 31, 2018 |
Dividend per share | 17.00 yen | Same as at left | 13.00 yen |
Total dividends | 7,269 million yen | - | 5,558 million yen |
Date effective | May 29, 2019 | - | May 31, 2018 |
Dividend source | Retained earnings | - | Retained earnings |
2. Reason for Dividend
The Company's basic dividend policy is to determine profit distributions to shareholders and internal reserves by comprehensively assessing business environment, business development, and business performance with a focus on growth over the medium-term to long-term. We recognize that it is the company's primary commitment to return an appropriate level of profits to our shareholders over the long- term through growth in corporate value.
In line with the above-mentioned policy, we have decided to declare a year-end dividend of 17 yen per share for the fiscal year ended March 31, 2019, after comprehensively adjusting for business performance in the current fiscal year, business developments, future forecasts, and shareholders' expectations for dividends. A dividend of 17 yen per share was also declared for the interim dividend, bringing the dividend for the full year to 34 yen per share.
(For Reference) Annual Dividend Breakdown
Dividend per share | |||
Record date | End of second quarter | End of fiscal year | Full year |
Dividend for current period | 17.00 yen | 17.00 yen | 34.00 yen |
(FYE March 2019) | |||
Dividend for the previous period | 13.00 yen | 13.00 yen | 26.00 yen |
(FYE March 2018) | |||
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Disclaimer
Hitachi Metals Ltd. published this content on 27 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 May 2019 07:23:00 UTC