With "everything boomed up so high and interest rates so low, what s going to happen is the millennial generation is going to have a hell of a time getting rich," Munger said.
2. Reason For fiscal 2020, our business performed steadily overall, both domestically and overseas, while there was some impact from the novel coronavirus infection (COVID-19). Owing to this, combined with cost reductions, etc., we were able to secure profit attributable to owners of parent that exceeded previous expectations. Our fundamental policy is to implement stable dividends taking into account our business performance and the external environment while maintaining the necessary internal reserves to ensure a sound financial position and future business development. Based on this policy, we are targeting a dividend payout ratio of 30 to 35%. This being the case, the year-end dividend for fiscal 2020 is expected to be ¥11.5 per share, an increase of ¥1.0 from the most recent dividend forecast (¥10.5). As a result, the annual dividend per share will increase ¥1.0 year on year to ¥22.0 (an interim dividend of ¥10.5 and year-end divi
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Regulatory News:
CARMAT (Paris:ALCAR) (FR0010907956, ALCAR), the designer and developer of the world s most advanced total artificial heart, aiming to fulfill an unmet medical need by providing a therapeutic alternative to people suffering from end-stage biventricular heart failure, informs its shareholders of the change of the time of the Annual General Meeting (AGM) to be held in camera on May 12, 2021.
The AGM will be held at 2 pm CEST (and not at 10 am CEST as previously indicated).
All other aspects of this General Meeting remain unchanged.
It is reminded that the AGM will be broadcast live on the same link as previously communicated:
BASF Q1 Profit Surges; Declares Flat Dividend; Lifts FY21 View
LUDWIGSHAFEN (dpa-AFX) - German chemical company BASF Group (BFA.L, BASFY.PK) reported Thursday that its first-quarter net income surged 94 percent to 1.72 billion euros from last year s 885 million euros.
Earnings per share were 1.87 euros, up 93 percent from 0.97 euro a year ago. Adjusted earnings per share were 2 euros, compared to 1.26 euros a year ago.
Income from operations or EBIT grew 59 percent from last year to 2.31 billion euros, and adjusted EBIT grew 42% to 2.32 billion euros. This was primarily attributable to considerably higher earnings contributions from the Materials and Chemicals segments.
EBITDA rose 31 percent to 3.176 billion euros and adjusted EBITDA increased 23 percent to 3.181 billion euros.