Sumitomo Rubber Industries, Ltd. Proposes Year End Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the End of Second Quarter of Full Year Ending December 31, 2024
February 13, 2024 at 11:00 pm EST
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Sumitomo Rubber Industries, Ltd. announced year end dividend of JPY 53.00 per share for the year ended December 31, 2023 compared to JPY 15.00 per share a year ago. Scheduled date of commencing dividend payments: March 29, 2024. The company announced that the Board of Directors resolved to distribute dividends form surplus with the record date of December 31, 2023. Effective date: March 29, 2024. The company will upwardly revise the dividend forecast announced on November 10, 2023 by JPY 13 and pay a year-end dividend of JPY 53 per share, since the consolidated financial actual results for the fiscal year ending December 31, 2023 exceeded the previously announced forecasts. The company will submit this matter to the annual general meeting of shareholders scheduled to be held on March 28, 2024.
The company provided dividend guidance for the end of second quarter of full year ending December 31, 2024. For the end of second quarter, the company expects to pay dividend of JPY 29.00 per share compared to JPY 5.00 per share a year ago.
Sumitomo Rubber Industries, Ltd. is a Japan-based tire manufacturer. The Company operates in three business segments. The Tire segment manufactures and sells tires and tubes for automobiles, construction vehicles, industrial vehicles, race rallies and motorcycles. The Sports segment is engaged in the manufacture and sale of sports items, including golf clubs, golf balls and other golf-related supplies, and tennis-related supplies, as well as the operation of golf tournaments, golf and tennis schools and fitness center. The Industrial Products and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.
Sumitomo Rubber Industries, Ltd. Proposes Year End Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the End of Second Quarter of Full Year Ending December 31, 2024