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Article: TAKEDA PHARMACEUTICAL TO RAISE PAYOUT RATIO TO 30% FOR FY05.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Nov 9 Asia Pulse - Takeda Pharmaceutical Co. (TSE:4502) plans to lift its dividend payout ratio to 30 per cent on a consolidated basis for the fiscal year ending March 31, 2006.
The leading drugmaker said Friday that it will increase its per-share dividend to 88 yen for the current fiscal year, up 3 yen from the previous projection. This will boost its payout ratio 27 per cent, up 1 percentage point from the projection.
Takeda raised the ratio to achieve next fiscal year's 30 per cent target, which it announced in spring but has not specified a timetable for.
Market participants are watching to see how Takeda uses its ample cash ...