Nippon Denko Co., Ltd. (JP:5563) has released an update.
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Nippon Denko Co., Ltd. has announced an enhanced shareholder returns policy, raising the dividend payout ratio from 30% to 40% of underlying profit and setting a minimum dividend of 10 yen per share. The policy also includes acquiring treasury shares as a complement to dividends. Additionally, the company has revised its year-end dividend forecast for 2024 to 6 yen per share, up from a previous forecast of 4 yen, and a total annual dividend increase from 9 yen in 2023 to a projected 10 yen for 2024.
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