OREANDA-NEWS. The Board of Directors of Nippon Steel & Sumitomo Metal Corporation held on January 30, 2014 has decided to revise the forecast for year-end dividend from retained earnings as follows.

When the first half results were announced, the Company had not yet determined a year-end dividend distribution amount. In accordance with the basic profit distribution policy described previously announced, after considering factors that include the earnings forecast for the current fiscal year, the Company intends to distribute a dividend of JPN 3.0 per share at the end of the second half (year-end). This would bring the full-year dividend distribution amount to JPN 5.0 per share, representing a consolidated dividend payout ratio of approximately 21%.