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Japan’s Itochu adopts new dividend policy of annual minimums -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Itochu Corp logo is seen at the Tokyo headquarters of the company, Japan. November 7, 2016. REUTERS/Toru Hannai

TOKYO (Reuters), A new dividend policy was announced by Itochu Corp on Friday. It promised a minimum annual payment in 2020 of 110 yen per share. This will be followed in 2022 with 120 yen for the next fiscal, and then 130 yen for the next.

From April through September, net profit nearly doubled at 500.6 trillion yen ($4.4billion), compared to the previous year. The company also increased its full-year outlook for record levels by 36% to 750 billion.

($1=113.6500 yen)

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