Toyota targets dividend payout ratio 30% in 3 years

Newswire

TOKYO, Aug 31 (Reuters) - The head of Toyota Motor Corp said on Friday the automaker would aim to lift its consolidated dividend payout ratio to 30 percent in about three years, from 23.4 percent in the year ended March 31. "We'll aim to reach the 30 percent goal in roughly three years," President Katsuaki Watanabe told a news conference on the automaker's business plans. He said Toyota would aim to continue increasing its profits along with vehicle sales, and reward shareholders accordingly.

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