Trend Micro announced that today Board of Directors approved retained earnings on the date of record as December 31, 2007. The effects of this cash dividends are subject to the approval at the 19th ordinary general meeting of shareholders on March 26, 2008.
1. Dividend of surplus
2. Reason for an increase of cash dividends
We intend to continue to return profits to shareholders based on our net profits on a consolidated basis while striving to enhance financial strength and secure inner reserves in order to deal with the significantly changing business environment and maintain a competitive edge against competitors. So far, our basic policy on dividends has been set as 50% excluding the effect of stock option compensation expenses. We plan to pay a year-end dividend on the basis of a dividend ratio of 60% excluding the effect of stock option compensation expenses.
About Trend Micro:
Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.
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