Tokai TokyoFinancial Holdings Inc. lowered its dividend for the fiscal yearended March 31 to ¥14 per share from ¥20 per share in the previous year.

The company said April 28 that its total dividend for theyear, including an interim dividend of ¥14 per share, came to ¥28 per share,down from ¥34 per share for the prior year.

As of April 29, US$1was equivalent to ¥106.98.