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.
Premium Content (PAID Subscription Required)
"Toyota targets dividend payout ratio 30% in 3 years" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.