Lindsell: Japan dividends vital

Close Investments manager keeps faith in high-yielding firms, believing dividends vital to Japan

Close Investments Japanese Equity manager Michael Lindsell is continuing to bank on high-yielding, cash generative companies for future returns. Lindsell believes dividends are becoming more and more important for the Japanese investor. "Current dividend yields on the Topix are 1.6%, the highest for ten years on the back of exceptionally strong corporate profits," he said. "This represents a rise of 0.7% over the past two years." Despite the rise in dividends, individual ownership in shares among Japanese investors has declined. More than 50% of investors in Japan prefer the safet...