Invast Securities Co., Ltd. (TYO:8709) has published an update regarding its dividend policy and plans to pay an interim dividend for the fiscal year to March 31, 2016.
The company has decided to abandon its practice of paying only an annual final dividend and is now planning to pay an interim dividend as well, as it seeks to boost opportunities to return profits to its shareholders.
- Before revision
Invast Securities used a consolidated dividend payout ratio of approximately 30% as its standard for the distribution of profits under a basic policy to return profits to shareholders appropriately in a manner commensurate with its business performance while continuing to make stable dividend payments.
- After revision
Invast Securities plans to distribute surplus on a twice-yearly basis in the form of an interim dividend and final dividend for the distribution of profits under a basic policy to return profits to shareholders appropriately in a manner commensurate with its business performance while continuing to make stable dividend payments.
The Company’s dividend payment will be conducted using as a guide the higher of an amount equivalent to a consolidated dividend payout ratio of 30% and that equivalent to a consolidated dividend on equity (DOE) of 4% (annual ratio).
- In accordance with the revised policy, Invast Securities now expects to pay an interim dividend of JPY 40 ($0.33) per share for the fiscal year to March 31, 2016.
An official decision on the interim dividend is set to be made by the Board of Directors at a meeting to be held in late October 2015.
To view the official announcement, click here.