SoftBank Group restarts dividend as finances stabilise

tagreuterscom2020binary_lynxmpeg9l1um-viewimagetokenukfrhuv30fman3htqdldrvncvwahd0m881kix5wuiti_mumxvbb.JPEG


By Sam Nussey
TOKYO (Reuters) – SoftBank Group Corp said on Friday it would pay an interim dividend of 22 yen per share for the current year, the same as the previous fiscal year, after a series of massive asset sales stabilised the group’s finances.
The dividend declaration is the latest sign the group, which was shaken by soured investments and the COVID-19 pandemic, is regaining its confidence, buoyed by deals including the $40 billion sale of chip designer Arm to Nvidia.
The year-end dividend forecast is yet to be determined.

(Reporting by Sam Nussey; Editing by Jacqueline Wong and Muralikumar Anantharaman)

Read More on Datafloq
Credit: Source link