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FINWIRES

Takeuchi Mfg. Proposes Year-End Dividend of 210 Yen Per Share, Up from Previous Year

-- Construction machinery maker Takeuchi Mfg. (TYO:6432) will propose to pay a year-end dividend of 210 yen per share at its next shareholders meeting on May 28, which is higher than the 200 yen paid a year ago.

The total dividend amount is expected to be 9.72 billion, payable from May 29, and will be sourced from retained earnings, while maintaining working capital equivalent to 2 to 2.5 months of sales, according to a Tokyo bourse filing on Friday.

The company aims for a consolidated dividend payout ratio of 40% and plans to gradually increase that ratio, while also considering agile share buybacks based on share price levels and capital efficiency.

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