Sony (SNE) Reports Strong 2008 Results and Guidance

May 14, 2008 7:24 AM EDT

Sony (NYSE: SNE) reported that net income for the year rose 192% to nearly $3.7 billion. Sales rose 7% to $88.7 billion. New fiscal year records were achieved for consolidated sales and net income.

Sony plans to increase its regular annual dividend by ¥15 to ¥40, and to issue a special cash dividend of ¥10 per share, which would result in a total annual dividend of ¥50 for the fiscal year ending March 31, 2009.

Sony said operating profit will climb to $4.3 billion in the 2009, which is higher than the consensus.


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Dividends
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