Epson To Increase Its Annual Stock Dividend By 130%

[news]

Epson To Increase Its Annual Stock Dividend By 130%
Japan listed firms to pay record stock dividends in fiscal 2014
TOKYO — Japanese listed companies this fiscal year are expected to pay a record 7.4309 trillion yen ($61.9 billion) in stock dividends, up 520 billion yen from the previous record of 6.9027 trillion yen, reached last fiscal year.

Printer maker Seiko Epson will increase its annual dividend by 130%, following strong sales of its mainstay inkjet printers, primarily in emerging countries.

     The total is nearly five times the roughly 1.6 trillion yen Japanese banks paid in interest to depositors in fiscal 2013.

     The number was arrived at after a survey of 2,259 Japanese listed companies whose fiscal year ends in March and whose data have been available since fiscal 2007.

     According to the survey, 675 companies are planning to raise or resume dividends. The auto industry will increase dividends by 116.2 billion yen, and the electronics industry by 85.7 billion yen. Both are cashing in on the weakened yen.

     Printer maker Seiko Epson will increase its annual dividend to 115 yen, up 130%, following strong sales of its mainstay inkjet printers, primarily in emerging countries. The company expects its second straight record net profit this fiscal year.

Epson To Increase Its Annual Stock Dividend By 130%
Japan listed firms to pay record stock dividends in fiscal 2014
TOKYO — Japanese listed companies this fiscal year are expected to pay a record 7.4309 trillion yen ($61.9 billion) in stock dividends, up 520 billion yen from the previous record of 6.9027 trillion yen, reached last fiscal year.

Printer maker Seiko Epson will increase its annual dividend by 130%, following strong sales of its mainstay inkjet printers, primarily in emerging countries.

     The total is nearly five times the roughly 1.6 trillion yen Japanese banks paid in interest to depositors in fiscal 2013.

     The number was arrived at after a survey of 2,259 Japanese listed companies whose fiscal year ends in March and whose data have been available since fiscal 2007.

     According to the survey, 675 companies are planning to raise or resume dividends. The auto industry will increase dividends by 116.2 billion yen, and the electronics industry by 85.7 billion yen. Both are cashing in on the weakened yen.

     Printer maker Seiko Epson will increase its annual dividend to 115 yen, up 130%, following strong sales of its mainstay inkjet printers, primarily in emerging countries. The company expects its second straight record net profit this fiscal year.

[Author]

February 19, 2015 at 10:23 AM