Admin l Tuesday, November 07, 2017
TOYOTA CITY – Toyota Motors today announced interim dividend of 293, 478 as total dividend it will pay out for the year ending September 30, 2017.
It also approved a dividend of 100 Yen per share. The amount okayed as total dividend payout is about 6,853 Yen lower than the total payout of 300, 331 million for the same period in 2016.
The Board of Directors of Toyota Motor Corporation made the recommendation at a meeting held on November 7, 2017, where it resolved to distribute dividends from surplus, with record date dated September 30, 2017.
In a statement, TMC said it deems the benefit of its shareholders as one of its priority management policies, and it continues to work to improve its corporate structure to realize sustainable growth in order to enhance its corporate value.
“TMC will strive for the stable and continuous payment of dividends aiming at a consolidated payout ratio of 30% to shareholders of common stock while giving due consideration to factors such as business results for each term, investment plans and its cash reserves. In addition, TMC will pay a prescribed amount of dividends to shareholders of First Series Model AA Class Shares.
“In order to survive tough competition, TMC will utilize its internal funds mainly for the early commercialization of technologies for next-generation environment and safety, giving priority to customer safety and security.
“Considering these factors, with respect to the dividends for this consolidated fiscal year, TMC has determined to pay an interim dividend of 100 yen per common share”, TMC said.
In addition, TMC has determined to pay an interim dividend of 79 yen per First Series Model AA Class Share in accordance with a prescribed calculation method.
