KYOTO, Japan, May 27, 2014 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company") today announced that the Company resolved at a meeting of its Board of Directors held on May 27, 2014 to distribute retained earnings (date of record: March 31, 2014) in the form of an annual dividend as outlined below:
|
Determined amount |
Previous annual dividends forecast (Announced on April 22, 2014) |
(Reference) Annual dividends for the fiscal year ended March 31, 2013 |
|
| Record date | March 31, 2014 | March 31, 2014 | March 31, 2013 |
| Dividend per share | 55 yen | 55 yen | 40 yen |
| Total dividend amount | 7,585 million yen | -- | 5,387 million yen |
| Effective date | June 3, 2014 | -- | June 5, 2013 |
| Dividend resource | Retained earnings | -- | Retained earnings |
The Company upholds shareholder-oriented management and places importance on regular dividend payments, seeking to increase its dividend payout to around 30% of the consolidated net income. Based on this dividend policy and in comprehensive consideration of its financial position, profit levels and current dividend payout ratio, the Company has decided to reward its shareholders with a year-end dividend of 55 yen per share. This translates into an annual dividend of 100 yen per share together with the interim dividend of 45 yen per share for the year ended March 31, 2014.
| Dividend per share | |||
| Record Date | Interim | Year-end | Full-year |
| Annual dividends per share for | 45 yen | 55 yen | 100 yen |
| the year ended March 31, 2014 | |||
| (Reference) | 45 yen | 40 yen | 85 yen |
| Annual dividends per share for | |||
| the year ended March 31, 2013 | |||
Note: Nidec Corporation implemented a two-for-one split of its common stocks as of April 1, 2014. The dividend amounts do not reflect the effect of the stock split.