The Bank of Nagoya boosts dividend, announces share split

The Bank of Nagoya today announced a significant increase to its year-end dividend forecast for the fiscal year ending March 31, 2025, raising it by JPY 50 to JPY 160 per share, resulting in an annual dividend of JPY 270 per share. Concurrently, the bank is implementing a 3-for-1 share split effective October 1, 2025, aimed at lowering the investment unit price and enhancing share liquidity. As a result, the total number of authorized shares will increase from 50,000,000 to 150,000,000. Additionally, the bank is modifying its shareholder benefit program, enhancing rewards for long-term shareholders. Post-split, shareholders holding 300 or more shares for at least one year will be eligible for a gift catalog of regional specialties, with higher shareholdings unlocking more valuable rewards. These initiatives, approved at the Board of Directors meeting on April 22, reflect the bank's commitment to rewarding shareholder support and attracting a broader investor base.