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.
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.
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.
Note: Effective on July 1, 2006, the Company had a two-for-one stock split for the Companys 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).