Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2020)
Tokyo Electron (TEL) announced that on October 31, 2019, 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, 2020) to shareholders of record as of September 30, 2019 as below.
1. Details of Dividend Payments
Amount resolved to be paid | Previous forecast(announced on April 26, 2019) | Dividends paid in previous fiscal year (first half of the Fiscal Year Ended March 2019) | |
Shareholder registration date | September 30, 2019 | September 30, 2019 | September 30, 2018 |
---|---|---|---|
Dividends per share | 246 yen | 193 yen | 413 yen |
Total dividends paid | 38,862 million yen | - | 67,806 million yen |
Date dividends start to be paid | November 25, 2019 | - | November 26, 2018 |
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 showed an increase compared to the previous forecast announced on April 26, 2019, and consequently, the dividends for the first half was revised upward to 246 yen per share from previously announced 193 yen per share.