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Nittetsu Mining Co., Ltd. ( (JP:1515) ) just unveiled an announcement.
Nittetsu Mining Co., Ltd. has revised its shareholder return policy to address feedback regarding its complexity and vulnerability to stock price fluctuations. The new policy maintains a 40% consolidated payout ratio and introduces a minimum dividend of 170 JPY per share, ensuring long-term stable dividends amid an uncertain business environment and ongoing overseas investments. This change, effective from fiscal 2024, aims to provide more predictable returns to shareholders while maintaining financial stability.
More about Nittetsu Mining Co., Ltd.
Nittetsu Mining Co., Ltd. operates in the mining industry, focusing on developing and managing resources such as copper and other commodities. The company is involved in large-scale mine development overseas and aims to balance financial stability with shareholder returns.
YTD Price Performance: 11.19%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €509.6M
See more insights into 1515 stock on TipRanks’ Stock Analysis page.