Monex Group, Inc. (TYO:8698), an online trading company with operations in Japan, Hong Kong, Australia and the United States, today provided an update on dividend payments. The broker declares a dividend of 7.50 yen per share for the full year to March 31, 2021.

The decision was made at the Board of Directors meeting in accordance with Article 47 of the Articles of Incorporation.

Monex has calculated the year-end dividends for FYE March 31, 2021 in consideration of the its target of a total return ratio (over multiple fiscal years) of 75% of net income attributable to owners of the company and, the financial soundness and future investments for its growth. As a result, the total return ratio over the past several years is inline with the company’s shareholders return policy.

Total return ratio = (total dividends paid + total amount of share buyback) /net income attributable to owners of the company

The broker notes that it is closely monitoring expectations and needs of capital policy among the shareholders and the market, and that it will strive to steadily increase dividends based on the shareholder return policy.