Tuesday, April 10, 2007

Ono shares rise after urged to pay big dividend

(Reuters) - TOKYO, April 10 - Shares in Ono Pharmaceutical Co. Ltd. rose more than 3 percent after its top shareholder U.S. investment firm Brandes Investment Partners proposed a one-time dividend of 700 yen per share.

That is seven times the amount Ono plans to pay as its annual dividend for the year ended March 31.


Read more at Reuters.com Market News

No comments: