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The latest update is out from Mitsubishi Steel Mfg.Co., Ltd. ( (JP:5632) ).
Mitsubishi Steel Mfg. Co., Ltd. announced a change in its dividend policy to strengthen shareholder returns. The new policy, effective during the 2023 Mid-Term Business Plan, sets a consolidated dividend payout ratio of 30% with a minimum dividend per share of 64 yen, increasing to a 40% payout ratio and 80 yen per share by 2026. The company aims for a total return ratio of 50% or more, including treasury stock acquisition, reflecting its commitment to stable and enhanced shareholder dividends.
More about Mitsubishi Steel Mfg.Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd. operates in the steel manufacturing industry, focusing on producing high-quality steel products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is committed to enhancing shareholder value through strategic financial policies.
Average Trading Volume: 97,003
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen24.79B
Find detailed analytics on 5632 stock on TipRanks’ Stock Analysis page.