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Nexon Announces First Cash Dividend

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Nexon Announces First Cash Dividend
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Posting Freak
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#1
2013-02-20, 09:40 AM
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Business Wire Wrote:TOKYO--(BUSINESS WIRE)--NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online games, today announced that its Board of Directors has approved the Company’s first cash dividend of 5 JPY per common share since its initial public offering on December 14, 2011. The cash dividend will be paid on March 27, 2013 to all shareholders of record as of the close of business on December 31, 2012. Nexon's solid cash position and strong operating cash flow enable the Company to invest

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Takebacker
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#2
2013-02-20, 11:23 AM
5 yen? Isn't that hilariously insignificant for a dividend? I wonder why they feel the need to call it.
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Posting Freak
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#3
2013-02-20, 11:37 AM
Takebacker Wrote:5 yen? Isn't that hilariously insignificant for a dividend? I wonder why they feel the need to call it.

Yeah, it's like $0.05.
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MasPan
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#4
2013-02-20, 01:12 PM
Link Wrote:Yeah, it's like $0.05.

A bit more, though getting closer. Currently appx 92-94 yen/dollar.
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Terry
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#5
2013-02-20, 08:05 PM
Just the fact that they're dispersing dividends sounds like they're trying to make a statement that the company is doing well.
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