NTT URBAN DEVELOPMENT CORPORATION

<h3>3. Dividend Policy</h3>

The Company considers enhancing corporate value over the medium to long term and returning profits to shareholders as one of its important management priorities. Dividends will be determined by comprehensively considering business performance trends and financial conditions.


The Company's basic policy is to pay dividends from retained earnings once per fiscal year as a year-end dividend, with the decision authority vested in the shareholders' meeting. The Articles of Incorporation also provide that the Board of Directors may resolve to pay an interim dividend with a base date of September 30 each year.


For the current fiscal year, both a year-end dividend and an interim dividend were paid, with total annual dividends per share of49 yen (Note).
For the next fiscal year, the Company currently plans to pay dividends from retained earnings once per fiscal year as a year-end dividend.
 

Details of dividends for the current fiscal year are as follows:

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Resolution Date
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Total Dividend Amount
(Million Yen)
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Dividend per Share
(Yen)
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November 5, 2018

Board of Directors Resolution
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3,291
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10
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June 21, 2019
Annual Shareholders' Meeting Resolution
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12,863
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39 (Note)
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(Note)Figures are rounded to the nearest whole number.

We determine dividends by comprehensively considering business performance, financial condition, and other relevant factors. Our basic policy is to pay dividends once per year as a year-end dividend from retained earnings. Our articles of incorporation also permit interim dividends. For the next fiscal period, we plan to pay a year-end dividend once per year from retained earnings.

NTT URBAN DEVELOPMENT CORPORATION (E04030) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)