SFTBY - SoftBank follows return to share buybacks with an interim dividend

SoftBank ([[SFTBF]],[[SFTBY]]) reinstates an interim dividend payments at the same rate as last year, 22 yen per share.The company hasn't yet determined the year-end dividend forecast.In May, SoftBank warned of no dividend when reporting a record $13B annual loss partially attributed to write-offs of WeWork and Uber investments, marking the first dividend pause since the company's 1994 listing.The interim dividend follows a positive turn for SoftBank after selling off some assets, including the now completed sale of cellphone distributor Brightstar.Another positive tailwind for SoftBank is the pending $40B sale of Arm to Nvidia.Last month, SoftBank returned to share buybacks with a modest $380M purchase.

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SoftBank follows return to share buybacks with an interim dividend