Notice Concerning Payment of Dividends from Surplus Earnings
Tokyo Electron Limited (TEL) announces that on May 12, 2010, the companys Board of Directors passed a resolution to pay dividends (year-end dividends) from surplus earnings to shareholders of record as of March 31, 2010.
1.Details of Dividend Payments
| Amount | Most recent dividends forecast | Dividends paid in previous fiscal year | |
|---|---|---|---|
| Shareholder registration date | March 31, 2010 | March 31, 2010 | March 31, 2009 |
| Dividends per share | 8 yen | 4 yen | 4 yen |
| Total dividends paid | 1,431 million yen | - | 715 million yen |
| Date dividends start to be paid | May 28, 2010 | - | May 29, 2009 |
| Source of funds to pay dividends | Surplus earnings | - | Surplus earnings |
2.Reason for the upward adjustment
TEL has a basic dividend policy of linking the payment of dividends to business performance and revenue on a continuous basis. It returns benefits to shareholders by aiming for a 20% payout ratio based on consolidated net income for the current period. Since consolidated net income in the consolidated financial results announced today for the fiscal year ended March 31, 2010 showed an increase in second half results compared to earlier forecast figures, the dividends to be paid at the end of the period have been adjusted upward.
(Reference) Breakdown of Dividends Paid for Year
| Dividends per share | |||
|---|---|---|---|
| Shareholder registration date | End of interim period | End of fiscal year | Total annual dividends |
| Dividends paid in current fiscal year | 4 yen | 8 yen | 12 yen |
| Dividends paid in previous fiscal year (ended March 2009) | 20 yen | 4 yen | 24 yen |
