Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2021)
Tokyo Electron (TEL) announced that on October 29, 2020, 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, 2021) to shareholders of record as of September 30, 2020 as below.
1. Details of Dividend Payments
| Amount resolved to be paid |
Previous forecast (announced on June 18, 2020) |
Dividends paid
(first half of the Fiscal Year in previous fiscal year Ended March 2020) |
|
|---|---|---|---|
| Shareholder registration date | September 30, 2020 | September 30, 2020 | September 30, 2019 |
| Dividends per share | 360 yen | 306 yen | 246 yen |
| Total dividends paid | 56,191 million yen | － | 38,862 million yen |
| Date dividends start to be paid | November 27, 2020 | － | November 25, 2019 |
| 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 June 18, 2020, and consequently, the dividends for the first half was revised upward to 360 yen per share from previously announced 306 yen per share.
