HMC » Topics » and Revision of the Projected Dividends for the Fiscal 2007

This excerpt taken from the HMC 6-K filed Oct 25, 2006.

and Revision of the Projected Dividends for the Fiscal 2007

The Honda Motor Co., Ltd., (the “Company”) Board of Directors on October 25, 2006 resolved on making quarterly cash dividend payments and revised the amount of the projected per common share dividend for the year ending March 31, 2007 as follows.

 

1. Basis for making quarterly cash dividend payments

The Company resolved on making quarterly cash dividend payments to allow for more frequent payouts to its shareholders. Accordingly, the Company will make a distribution of surplus earnings for the fiscal third quarter to the shareholders or the registered pledgees listed or recorded in the final register of shareholders and register of beneficial shareholders as of December 31, 2006.

 

2. The basis for revising the projected dividends for fiscal 2007 which was announced on April 26, 2006

To be in line with the resolution of quarterly cash dividend payments, the Company revised the projected dividend payment as described in paragraph 3 below.

 

3. Details of the revised dividend payments

 

     Dividends Per Share (yen)

Record Date

  

June 30,

2006

  

September 30,

2006

  

December 31,

2006

  

March 31,

2007

   Total

Dividends Previously Projected (Announced on April 26, 2006)

   —      30    —      30    60

Projected Dividends after Revision

   —      30    17    17    64

Dividends paid during current Fiscal 2007

   —      30    —      —      —  

Dividends paid during Fiscal 2006

   —      40    —      60    100

Note: Effective on July 1, 2006, the Company had a two-for-one stock split for the Company’s common stock. Had the stock split not been carried out, interim dividends would be ¥60 per share, which is an increase of ¥20 per share in comparison to the interim dividends paid during the year ended March 31, 2005 (or fiscal 2005). In addition, the annual dividends would have been ¥128, which is an increase of ¥28 per share in comparison to the annual dividends paid for the year ended March 31, 2006(or fiscal 2006).

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