Mitsubishi Electric Corporation Announces Dividend for the Fiscal Year Ending March 31, 2024 , Payable June 4, 2024
April 26, 2024 at 02:00 am EDT
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Mitsubishi Electric Corporation announced dividend for the fiscal year ending March 31, 2024. For the year, Company has decided to pay a year-end retained earnings dividend of JPY 30 per share . Upon adding the interim dividend of JPY 20 per share, the total annual dividend will be JPY 50 per share.
Payment is planned to begin on June 4, 2024. In fiscal 2023, the interim dividend was JPY 14 and the year-end dividend was JPY 26 per share. (For an annual dividend of JPY 40 per share).
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).
MITSUBISHI ELECTRIC CORPORATION 