Nidec Announces Annual Dividend Payout from Retained Earnings
Tweet
Share
E-mailKYOTO, Japan, May 25, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (OTC: NJDCY) (TSE: 6594) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 25, 2016 to distribute retained earnings (date of record: March 31, 2016) in the form of an annual dividend as outlined below:
| Determinedamount | Previous annualdividends forecast(Announced onApril 22, 2015) | (Reference) Annual dividendsfor the fiscal year ended March 31, 2015 | |
| Record date | March 31, 2016 | March 31, 2016 | March 31, 2015 |
| Dividend per share | 40 yen | 40 yen | 40 yen |
| Total dividend amount | 11,864 million yen | - | 11,764 million yen |
| Effective date | June 2, 2016 | - | June 3, 2015 |
| Dividend resource | Retained earnings | - | Retained earnings |
The Company upholds shareholder-oriented management and places importance on regular dividend payments, seeking to increase its dividend payout to around 30% of the consolidated net income. Based on this dividend policy and in comprehensive consideration of its financial position, profit levels and current dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 40 yen per share. This translates into an annual dividend of 80 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2016.
| Dividend per share | |||
| Record Date | Interim | Year-end | Full-year |
| Annual dividends per share for the year ended March 31, 2016 | 40 yen | 40 yen | 80 yen |
| (Reference) Annual dividends per share for the year ended March 31, 2015 | 30 yen | 40 yen | 70 yen |
Contact: Masahiro Nagayasu General Manager Investor Relations +81-75-935-6140 [email protected]Source: Nidec Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Moderna: Citi says oncology optimism is priced in, cuts rating to sell
- Peoples Bancorp to acquire Capital Bancorp in $728M all-stock deal
- BofA Securities Reinstates Sulaiman Al Habib (4013:AB) at Buy
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
