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G-Tekt Corporation ( (JP:5970) ) has provided an update.
G-Tekt Corporation announced an increase in its year-end dividend to 50 yen per share, up from the previously forecasted 37 yen, resulting in a total annual dividend of 87 yen per share. This decision aligns with the company’s policy to maintain a dividend payout ratio of 30% or higher and a dividend on equity of 3.0% or higher by the fiscal year ending March 2031, reflecting its commitment to sustainable growth and shareholder value.
More about G-Tekt Corporation
G-Tekt Corporation operates in the manufacturing industry, focusing on producing automotive body frame components and transmission parts. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to enhance corporate value through sustainable growth and shareholder returns.
Average Trading Volume: 176,259
Technical Sentiment Signal: Hold
Current Market Cap: Yen69.49B
See more data about 5970 stock on TipRanks’ Stock Analysis page.