Tokyo Electron Announces Year-End Dividend for FY2011
OREANDA-NEWS. April 28, 2011. A year-end dividend forecast announced on November 2, 2010 has been revised based on recent business trend as follows. This year-end dividend is going to be decided at the meeting of the board of directors will be held on May 13, 2011 officially.
Tokyo Electron’s basic policy for returning profits to shareholders by maintaining a payout ratio of around 20% based on consolidated net income was revised on November 2, 2010 by the board of directors, in order to increase the target payout ratio to 35% based on consolidated net income starting with the year-end dividend for the fiscal year ended March 2011.
Therefore, in conjunction with the upward revision of the consolidated financial for the FY2011, we have revised the dividend per share payable at the year-end as below.
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