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Techno Medica continues to rise as dividend expectations outweigh shareholder benefit program abolishment
Techno Medica Co., Ltd. <6678> extended its gains on Wednesday. The company said after the close on June 2 that it will abolish its shareholder benefit program as of the Sept. 30, 2026 record date. Following deliberations on fair profit distribution, the company decided to scrap the program and focus on stable and equitable dividend returns, drawing buyers on higher dividend expectations. Having updated its dividend policy on May 11, the company targets a dividend payout ratio of 80% or more and a total return ratio of 150% under its medium-term management plan through the fiscal year ending March 2029.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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