Today Canon issued a notice regarding a projected commemorative dividend which would be implemented to celebrate the company’s 80th anniversary.
The Japanese-based company held a Board of Directors meeting today in which it was decided that a commemorative dividend would be awarded as a way of marking Canon’s 80th anniversary, which falls on 31 December 2017.
Canon “plans to award a commemorative dividend of ¥10.00 ($0.08/ €0.07) per share for the fiscal year” which ends on that date.
The company also revealed that this fiscal year it is “making steady progress in business structure transformation” as a result of the “improved ability of existing businesses to generate profits and the expansion of new businesses.”
Management efficiency has also improved.
As a result, “to provide a stable and active return to shareholders, the Company plans to distribute a regular year-end dividend of 75.00 yen per share”. Combining this with the commemorative dividend already mentioned, “the total value of the planned year-end dividend is ¥85.00 ($0.75/ €0.63) per share, bringing the full-year total of ¥160 ($1.40/ €1.19).”