SYLA Technologies Boosts Dividend, Highlights 2023 Outlook
Portfolio Pulse from Lekha Gupta
SYLA Technologies Co Ltd (NASDAQ:SYT) has reiterated its 2023 financial guidance and plans to boost dividends per share. The company expects revenues between $183.7 million and $198.6 million, operating income between $6.3 million and $7.3 million, and EPS between $10.11 and $12.18. SYT plans to double its dividend per share to $1.04, with a long-term target of a dividend payout of 30% of net income. The company's shares closed lower by 0.55% at $7.18 on Monday.
July 05, 2023 | 11:09 am
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POSITIVE IMPACT
SYLA Technologies plans to boost dividends and has reiterated its 2023 financial guidance. The company's shares closed lower by 0.55% at $7.18 on Monday.
The company's decision to boost dividends and the reiteration of its 2023 financial guidance are positive signals for investors. However, the stock closed lower, which could be due to other market factors. The news is highly relevant and important for SYT investors, hence the high scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100