TSE:8630Insurance
Will Dividend Hike and Buyback Shift Sompo Holdings' (TSE:8630) Capital Allocation Narrative?
Earlier this month, Sompo Holdings announced an upward revision to its full-year earnings guidance, increased its dividend for the second quarter, and authorized a new share buyback program of up to 24 million shares, representing 2.64% of issued share capital, valued at ¥77,000 million.
These actions reflect management's confidence in the company's current financial performance and an active approach in boosting shareholder returns through both dividends and share repurchases.
We'll explore...