Asia
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.
TYO:6432
