TOKYO, Apr 25, 2017 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) at its board of directors' meeting today decided to make dividend payment based on the record date of May 11, 2017. This issue will be referred to an extraordinary general meeting of shareholders scheduled for June 27, 2017.
1. Outline of dividend payment
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Amount decided
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Record date May 11, 2017
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Dividend per share Common stock: 30 yen
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Total amount of dividend 4,285 million yen (planned)
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Effective date June 28, 2017
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Dividend resource Retained earnings
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2. Reasons
After finalizing its financial statements for the 108th business term (from January 1 to December 31, 2016), SDK studied the issue of dividend payment. As a result, SDK decided to pay dividend of 30 yen per share (common stock), taking into consideration the financial results for the 108th business term, future business plans, and the current financial situation. Furthermore, at its board of directors' meeting today, SDK set a new record date of May 11, 2017 for the appropriation of surplus.
Press release: www.sdk.co.jp/assets/files/english/news/2017/20170425_sdknewsrelease3_e.pdf