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WEALTH MANAGEMENT | , Singapore
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Nomura meets target dividend

Nomura Holdings Inc. today announced a third quarter dividend for the fiscal year ending March 31, 2009, of 8.5 yen per share, in line with its target dividend.

In addition, Nomura will forgo payment of a year-end dividend for the current fiscal year as the firm expects to finish the year at a net loss due to turmoil in the financial markets and the global economic slowdown. As such, the forecast for the total annual dividend is 25.5 yen per share, including the dividends already paid throughout the year. The record date for the third quarter dividend is December 31, 2008.

Nomura also announced today a new dividend policy for the fiscal year ending March 31, 2010, which aims for stable dividend payouts using a consolidated dividend payout ratio of 30 percent as a key indicator.

The payment will be revised from quarterly (record dates: June 30, September 30, December 31 and March 31) to semi-annual (record dates: September 30 and March 31) in principle.

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