SoftBank Group restarts dividend as finances stabilise

TOKYO (Reuters) - SoftBank Group Corp said on Friday it would pay an interim dividend of 22 yen per share for the current year, the same as the previous fiscal year, after a series of massive asset sales stabilised the group's finances.

The dividend declaration is the latest sign the group, which was shaken by soured investments and the COVID-19 pandemic, is regaining its confidence, buoyed by deals including the $40 billion sale of chip designer Arm to Nvidia.

The year-end dividend forecast is yet to be determined.

(Reporting by Sam Nussey; Editing by Jacqueline Wong and Muralikumar Anantharaman)

10/22/2020 23:41

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