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Sumitomo Metal Mining Co ( (JP:5713) ) just unveiled an update.
Sumitomo Metal Mining Co., Ltd. has announced changes to its dividend policy, increasing the minimum dividend on equity (DOE) ratio from 1.5% to 2.5% to ensure more stable shareholder returns despite market fluctuations. This adjustment reflects the company’s strategy to mitigate the impact of volatile non-ferrous metal prices and exchange rates on its business performance, aiming to enhance medium- to long-term corporate value.
More about Sumitomo Metal Mining Co
Sumitomo Metal Mining Co., Ltd. operates in the non-ferrous metals industry, focusing on the production and supply of metals such as copper, nickel, and gold. The company is known for its integrated operations that span from resource development to smelting and refining, catering to global industrial and technological markets.
Average Trading Volume: 2,457,412
Technical Sentiment Signal: Sell
Current Market Cap: Yen864.4B
Find detailed analytics on 5713 stock on TipRanks’ Stock Analysis page.