Mitsubishi Electric Announces Dividend for Fiscal 2022 (April 1, 2021 – March 31, 2022)

Rhea-AI Summary

Mitsubishi Electric Corporation (Tokyo:6503) has announced its year-end dividend for the fiscal year ending March 31, 2022. The dividend stands at 26 yen per share, with a total payout amounting to 54,940 million yen. This matches the previous year's dividend and the forecast made in April 2022. The record date was set for March 31, 2022, with the effective payment date on June 2, 2022. For fiscal 2022, the total annual dividend amount per share will be 40 yen, up from 36 yen in the previous fiscal year.

Positive

• Total annual dividend per share for fiscal 2022 increased to 40 yen from 36 yen in fiscal 2021.
• Year-end dividend fixed at 26 yen per share, consistent with previous forecasts.

Negative

• Total amount of dividends (54,940 million yen) decreased from the previous year's total of 55,816 million yen.

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Board of Directors has fixed the year-end dividend, as of the record date of March 31, 2022, with due consideration of the company’s performance and financial standing during the fiscal year ended March 31, 2022 (fiscal 2022).

Year-end dividend
	Fixed Status	Previous Dividend Forecast (April 28, 2022)	Previous Year’s Dividend (Fiscal 2021)
Record date	March 31, 2022	March 31, 2022	March 31, 2021
Dividend per share	26 yen	26 yen	26 yen
Total amount of dividends	54,940 million yen	－	55,816 million yen
Effective date	June 2, 2022	－	June 2, 2021
Dividend resource	Retained earnings	－	Retained earnings

Reference: Annual dividend
Dividend per share	Interim dividend	Year-end dividend	Annual dividend
Fiscal 2022 (actual)	14 yen	26 yen	40 yen
Fiscal 2021 (actual)	10 yen	26 yen	36 yen

 

About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 4,476.7 billion yen (U.S.$ 36.7 billion*) in the fiscal year ended March 31, 2022. For more information, please visit www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of ¥122=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005528/en/

Investor Relations Inquiries

Investor Relations Group, Corporate Finance Division

Mitsubishi Electric Corporation

Cad.Irg@rk.MitsubishiElectric.co.jp

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What is the dividend per share for Mitsubishi Electric (MIELY) for fiscal 2022?

The dividend per share for Mitsubishi Electric for fiscal 2022 is 40 yen.

When is the effective date for the year-end dividend for MIELY?

The effective date for the year-end dividend for Mitsubishi Electric (MIELY) is June 2, 2022.

How much did Mitsubishi Electric (MIELY) announce for total dividends in fiscal 2022?

Mitsubishi Electric announced a total dividend amount of 54,940 million yen for fiscal 2022.

What was the record date for the Mitsubishi Electric (MIELY) year-end dividend?

The record date for the Mitsubishi Electric year-end dividend was March 31, 2022.