The latest update is out from Pacific Metals Co., Ltd. ( (JP:5541) ).
Pacific Metals Co., Ltd. has announced a change in its dividend policy to introduce a dividend on equity ratio (DOE) of 4%, replacing the previous target payout ratio of 30%. This change is part of a broader strategy to address challenges in its nickel business and focus on business diversification and strengthening its revenue platform. The company aims to use internal reserves for new business investments and shareholder returns, with a revised year-end dividend forecast of 135 yen per share for the fiscal year ending March 31, 2025, up from a previous forecast of 0.00 yen.
More about Pacific Metals Co., Ltd.
Pacific Metals Co., Ltd. operates in the metals industry, focusing on ferroalloy smelting and manufacturing. The company is committed to sustainable practices and aims to be a comprehensive materials company that contributes to a recycling-oriented society. Its core business has been nickel production, but it faces challenges due to market changes and resource nationalism.
YTD Price Performance: 33.63%
Average Trading Volume: 154,216
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen37.89B
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