Yulon Nissan issues highest dividend

Yulon Nissan Motor Co (裕隆日產), the nation's third-largest automobile vendor, yesterday announced a shareholders dividend-issue of NT$6.3 in cash per share, outperforming all other car vendors.

Yulon Nissan, a joint venture in which Japan's Nissan Motor Co holds 40 percent and Yulon Motor Co (裕隆汽車) controls the remainder, created after-tax income of NT$3.15 billion, or NT$10.51 per share, on revenue of NT$49.62 billion last year, the company said in a statement yesterday.

Continuing its growth momentum, Yulon Nissan sold 21,354 vehicles in the January-to-March quarter and generated first-quarter revenue of NT$16.87 billion, accounting for 31.06 percent of targeted sales this year, the company said.

Last month, China Motor Corp (中華汽車), the second-biggest car vendor nationwide, said it would pay shareholders a dividend of NT$2.1 per share, including NT$2 in cash and NT$0.1 in stocks, while Yulon Motor announced it would issue a dividend of NT$2 in total, consisting of a cash dividend of NT$1.85 and a stock dividend of NT$0.15.