Toshiba to purchase again 6% of shares, pay particular dividend By Reuters
© Reuters. FILE PHOTO: The brand of Toshiba Corp. is seen on the firm’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato
TOKYO (Reuters) – Toshiba (OTC:) Corp mentioned on Monday it should purchase again as much as 6% of its excellent shares price round 100 billion yen ($913 million), according to its plans to spice up shareholder returns.
The Japanese industrial conglomerate can even allocate about 50 billion yen to pay a particular dividend as “some shareholders, primarily retail shareholders, desire dividends”, it mentioned in an announcement.
Toshiba, which has been beneath stress from activist shareholders, final month promised to return to shareholders a surplus of 150 billion yen towards the suitable shareholder fairness stage.
($1 = 109.5600 yen)
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