Honda Motor drops additional share buybacks plan - Nikkei

Newswire

(Follows alerts) May 28 (Reuters) - Honda Motor , Japan's No.3 automaker, has decided against additional share repurchases that it had originally planned to implement by next month's general shareholdings meeting as its earnings outlook remained unclear, the Nikkei business daily reported. This means that the Japanese automaker's annual shareholder rewards, comprising dividend payments and stock buybacks, will amount to a little more than 20 percent of its net profit, falling short of ...

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