Seven & I Releases Notice Regarding Revision of Year-End Dividends
OREANDA-NEWS. At a meeting held on February 4, 2014, the Board of Directors of Seven & i Holdings Co., Ltd. approved a revision of the year-end dividends per share forecast for the fiscal year ending February 28, 2014, as described below.
1. Details of revision
Dividends per share (yen) | |||
Interim |
Year-end |
Annual | |
Previous forecast (April 4, 2013) |
33.00 |
33.00 |
66.00 |
Revised forecast |
- |
35.00 |
68.00 |
Year ending February 28, 2014 |
33.00 |
- |
- |
Year ended February 28, 2013 |
31.00 |
33.00 |
64.00 |
2. Reason of revision
The Company, which has a basic policy of providing a return of profits in line with profit growth, is targeting the Company's benchmark of 35%, while working to increase the consolidated payout ratio. Based on its basic policy, as one facet of its shareholder return initiatives, the Company plans to raise the year-end dividends per share to 35 yen, an increase of 2 yen per share from the previous forecast. As a result, including the interim dividends of 33 yen per share, the Company is planning annual dividends of 68 yen per share.
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