May. 08, 2008
Notice Concerning Distribution of Dividends from Surplus
At a meeting held on May 8, 2008, the Board of Directors of Toyota Motor Corporation ("TMC") resolved to propose an agenda asking for authorization to distribute dividends from surplus, with record date dated March 31, 2008, at the 104th Ordinary General Shareholders' Meeting to be held on June 24, 2008. In relation to the above, we hereby inform you of the following:
|
Amount to be
proposed as Year-end dividend for FY 2008 |
Most recent
dividend forecast |
Year-end dividend
paid for FY 2007 |
|
| Record Date | March 31, 2008 | March 31, 2008 | March 31, 2007 |
|
Dividend
per share |
75.00 yen | Not reported | 70.00 yen |
|
Total amount
of dividends |
236,195,000,000 yen | - | 223,855,000,000 yen |
| Effective date | June 25, 2008 | - | June 25, 2007 |
|
Source of
dividends |
Retained earnings | - | Retained earnings |
2. Reason for the dividend amount
TMC deems the benefit of its shareholders as one of its priority management policies. With respect to the payment of dividends, TMC aims to achieve a consolidated dividend payout ratio of 30% at an early stage, as well as to strive for continuous growth of dividend per share, while giving due consideration to factors such as business results for each term and new investment plans.
In accordance with the policy mentioned above, the Board of Directors of TMC resolved to propose an agenda asking for authorization of 75 yen as year-end dividend for FY 2008, an increase of 5 yen as compared with that in FY 2007.
| Dividend per share (yen) | |||
| Record Date | End of interim period | End of fiscal period | Total |
|
Dividends for FY 2008
(ended March 31, 2008) |
65.00 |
75.00
(plan) |
140.00
(plan) |
|
Dividends for FY 2007
(ended March 31, 2007) |
50.00 | 70.00 | 120.00 |
