35SV Paragon M. C47

    RNS Number : 8140C
  Pioneer Corporation
  05 September 2008
   



    For Immediate Release
    September 5, 2008
    Pioneer Decides to Pay No Interim Dividend for Fiscal 2009
    TOKYO - Pioneer Corporation has announced that at a meeting of its Board of Directors held today, the Company decided to pay no interim
dividend for fiscal 2009, the year ending March 31, 2009, to its shareholders.

    Pioneer positions its dividend policy as one of the highest management priorities. On the basis of maintaining stable dividends, the
Company sets dividend payments appropriately in light of its financial position, consolidated business results, and other factors. 

    The decision to pay no interim dividend for fiscal 2009 was mainly due to persistently severe business conditions facing the Company, as
well as its full-year forecast of a consolidated net loss based on estimated expenses for ongoing measures to restructure the display
business and improve profitability in the Home Electronics business. Going forward, the Company remains determined to improve its business
results by striving to ensure the success of ongoing business restructuring measures and other initiatives.

    [Dividends per Share of Common Stock]
                          Fiscal 2009    Fiscal 2008
 Interim dividend            �0.0           �5.0
 Year-end dividend             *            �2.5
 Total annual dividend         *            �7.5
    * The amount of the year-end dividend for fiscal 2009 has yet to be determined.

    Pioneer Corporation is a leading global manufacturer of consumer- and business-use electronics products such as audio, video and car
electronics. Its shares are traded on the Tokyo Stock Exchange.

    � � � � � �

    For further information, please contact:
    Hideki Okayasu
    Managing Director, and General Manager of Finance and Accounting Division
    Pioneer Corporation, Tokyo
    Phone: +81-3-3494-1111 / Fax: +81-3-3495-4431
    E-mail: pioneer_shr@post.pioneer.co.jp
    IR Website: http://pioneer.jp/ir-e/

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
DIVEAKNSEALPEEE

Paragon M. C47 (LSE:35SV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Paragon M. C47 (LSE:35SV)
Historical Stock Chart
From Jul 2023 to Jul 2024