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Japan's Towa Bank to boost annual dividend

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Japan's Towa Bank to boost annual dividend

Japan's Towa Bank Ltd. will boost its dividend to ¥3 per share for the fiscal year ending March 31 from ¥2 per share in the prior fiscal year.

The increased dividend is subject to shareholder approval.

As of Feb. 2, US$1 was equivalent to ¥112.39.