Nintendo Shareholders Reject Dividend Proposal

Nintendo proposed a new shareholder dividend policy to its board yesterday, and it was rejected by shareholders. Reuters writes: “The [new dividend proposal] could have resulted from worries among some investors that the change might lead to lower dividends, adding that Nintendo has a policy of maintaining a relatively high dividend. Nintendo’s dividend yield stands at 2 percent, compared with an average of 1.15 percent for all the issues listed on the first section of the Tokyo Stock Exchange.”

Nice stock performance. I think it’s safe to say why, and investors only stand to make a lot more if Wii does well. Anyone in the room invest in Nintendo?