Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (18172)	12/26/2003 11:08:50 AM
From: Spekulatius	Respond to of 78753

Canon: Up From Y30 Dividend Last Year; Cites Earnings Hopes Thursday December 25, 1:34 am ET TOKYO -(Dow Jones)- Canon Inc. said Thursday it plans to pay an annual dividend of Y50 a share for the fiscal year ending Dec. 31, up from a payout of Y30 in the previous year. The move comes as Canon now expects record earnings on both a parent and group basis this fiscal year, the Japanese maker of cameras and printers said. This is also an upgrade from its earlier plan announced in July to pay an annual dividend of Y30 this year, Canon said. The increased dividend was expected after Canon forecast record group earnings in October. Canon expects its group net profit to jump 38% to Y263 billion in 2003, which would mark a record for the fourth year running. A Canon spokesman said earlier this month the company is on track to meet its net profit target. Canon is benefiting from its focus on a limited number of high-margin products, such as digital multifunction copiers and high-performance digital cameras. Cost-cutting at its manufacturing operations has also helped shore up its bottom line. -By Kanji Ishibashi, Dow Jones Newswires; 813-5255-2929; kanji.ishibashi@dowjones.com -Edited by Bennett Richardson and John Gibson