Global Game Industry News Blog

Friday, June 30, 2006

Companies Pay Dividends?

Oh, I'm sorry. Japan. Yes, in Japan companies often pay dividends, a practice widely lost on American companies any more.

GameDaily BIZ: Nintendo Shareholders Reject Board's Dividends Proposal
The spokesman also noted that even though Nintendo maintains a relatively high dividend—the company's dividend yield is currently 2 percent, compared with an average on the Tokyo Stock Exchange of 1.15 percent—there may have been some worries from investors that the proposal would lead to lower dividends.

The news curtailed Nintendo's shares a bit, as the stock was up only 0.5 percent at 19,070 yen in the late afternoon, which is well below the Nikkei average's 1.58 percent gain.


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