Tokyo Shares Little Changed As Firms Go Ex-dividend

(@rukhshanmir)

Tokyo shares little changed as firms go ex-dividend

TOKYO, , (UrduPoint / Pakistan Point News - 29th Mar, 2017 ) - Tokyo stocks ended slightly higher Wednesday as more than three-quarters of firms on the Topix index traded without the right to the next dividend payment, offsetting upbeat US economic data.

The tepid session followed a rise on most major overseas markets, with sentiment boosted by higher oil prices and as US consumer confidence in March reached its highest level in nearly 16 years.

More than 1,500 of nearly 2,000 firms on the Topix were trading ex-dividend Wednesday. That means investors who buy shares today are not entitled to the next dividend payment. Many Japanese stocks trade ex-dividend on the same day in March and September.