Nidec Announces Annual Dividend Payout from Retained Earnings

KYOTO, Japan, May 24, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTC:NJDCY) (the “Company” or “Nidec”) today announced that the Company resolved at a meeting of its Board of Directors held on May 24, 2017 to distribute retained earnings (date of record: March 31, 2017) in the form of an annual dividend as outlined below:

  Determined
amount

 
Previous annual
dividends forecast
(Announced on
October 24, 2016) 
(Reference)
Annual dividends
for the fiscal year ended
March 31, 2016
Record date March 31, 2017 March 31, 2017 March 31, 2016
Dividend per share 45 yen 45 yen 40 yen
Total dividend amount 13,347 million yen - 11,864 million yen
Effective date June 1, 2017 - June 2, 2016
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 profit. 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 45 yen per share. This translates into an annual dividend of 85 yen per share together with the interim dividend of 40 yen per share for the year ended March 31, 2017.

  Dividend per share
Record Date Interim Year-end Full-year
Annual dividends per share for
the year ended March 31, 2017
40 yen 45 yen 85 yen
(Reference)
Annual dividends per share for
the year ended March 31, 2016
40 yen 40 yen 80 yen

/EIN News/ --

Contact:
                    Masahiro Nagayasu
                    General Manager
                    Investor Relations
                    +81-75-935-6140
                    ir@nidec.com

Primary Logo

Powered by EIN News