The Board of Directors of GMO Click Holdings Inc (TYO:7177), the parent of Japanese Forex broker GMO Click Securities, has approved a dividend of ¥5.34 per share for the third quarter of the company’s fiscal year to March 31, 2016.
GMO Click recommended this size of dividend payments, when it announced its financial metrics for the quarter to December 31, 2015.
The size of the cash payment is in tune with in line with the policy of the company to pay 40% of its net income in the form of dividends. GMO Click’s Board of Directors also noted, however, that the performance of the business is rather dependent on various economic events.
The dividend for the third quarter compares with dividends of ¥5.60 and ¥6.38 per share for the second and the first quarter of fiscal year 2016, respectively.
You can view the notice from GMO Click about its dividend by clicking here.