Taiheiyo Cement Up; first dividend In two years

Taiheiyo Cement Up; first dividend In two years
Published: 24 March 2011

Taiheiyo Cement Corp rose into a fifth day Wednesday morning, after the firm said Tuesday it will pay a dividend of 2.5 yen per share for the year ending March.

The firm paid no dividend last year.

The announcement of the company’s first payout in two years sent the stock higher, up 25 yen at 173 yen, its highest point since the start of 2010.

The firm said its streamlining efforts will likely boost profits starting in the October-December quarter of 2011.