UPDATE 1-Honda likely to buyback more shares


Feb 16 (Reuters) - Honda Motor Co is likely to repurchase shares worth up to 40 billion yen ($477.5 million) as part of its plan to return 30 percent of its net profit to shareholders, the Nikkei said. The automaker plans to pay a dividend of 54 yen per share for the year ending March 31, 2011. This, combined with Honda's 25 billion yen share buyback in August, would have returned 23 percent of the company's profit to shareholders, the paper said. Honda is likely to make a final decision ...

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