One of TonenGeneral's management priorities is meeting the expectations of shareholders for balanced returns on their investment, with the goal of steady medium- and long-term growth in shareholder value. TonenGeneral therefore has a basic policy of paying stable dividends after considering issues such as consolidated cash flow and future capital expenditures in order to maintain sound finances.
Dividend Payments
Based on the above policy, TonenGeneral plans to pay a dividend of 38 yen/share for 2013.
| 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|
| Dividend per share (Yen/share)*1 | 38.0 | 38.0 | 38.0 | 38.0 | 38.0 |
| Dividend yield *2 | 4.2% | 4.9% | 4.3% | 4.5% | 5.1% |
- *1 Dividends are typically paid twice a year, normally an interim dividend paid in September of the year following resolution of the Borad of Directors's meeting to shareholders of record as of June 30 and a year-end dividend paid in March of the subsequent year following approval at the annual general meeting of shareholders to shareholders of record as of December 31 of the year just completed. For example, the 38 yen per share shown for 2010 includes the 19 yen per share interim dividend paid in September of 2010 and the 19 yen per share final dividend paid in March 2011.
- *2 Dividends per common share/Market price of common share at year end
