Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2019)
Tokyo Electron (TEL) announced that on October 31, 2018, its Board of Directors had passed a resolution to pay interim dividend from surplus earnings (for the first half of the Fiscal Year Ending March 31, 2019) to shareholders of record as of September 30, 2018 as below.
1. Details of Dividend Payments
| Amount resolved
to be paid |
Previous forecast(announced on April 25, 2018) | Dividends paid
in previous fiscal year ( first half of the Fiscal Year Ended March 2018) |
|
| Shareholder registration date | September 30, 2018 | September 30, 2018 | September 30, 2017 |
| Dividends per share | 413 yen | 390 yen | 277 yen |
| Total dividends paid | 67,806 million yen | - | 45,450 million yen |
| Date dividends start to be paid | November 26, 2018 | - | November 27, 2017 |
| Source of funds to pay dividends | Surplus earnings | - | Surplus earnings |
2. Reason
The dividend policy of TEL is to link dividend payments to business performance on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 50% based on consolidated net income attributable to owners of parent. The consolidated results for the first half of the current fiscal year announced today showed an increase compared to the previous forecast, and consequently, the dividends for the first half was revised upward.
