Does SUMIDA CORPORATION give dividends to its shareholders?
Sumida has been positioning the return of profit to shareholders as an important theme for management. The quarterly payment structure is possible by Japan’s new Corporation Law, effected on May 1, 2006, which abolish the current limits on the frequency of dividend payments. Regarding the dividend, the Board of Directors had determined an amount of annual dividend based on the annual business plan and target dividend payout ratio (25-30%). The dividend for quarter will be determined by dividing the approved annual dividend into four and distributing quarterly.
