Posted Thursday, September 10, 2015 at 12:15am

Fuji Heavy eyes dividend hike for fiscal 2015

Subaru maker Fuji Heavy Industries will likely raise its annual dividend above 100 yen (83 cents) a share for the year ending March 2016, up more than 33 yen from the year before, on robust North American sales of sport utility vehicles.

The company has yet to make an announcement but is expected to reveal its plans when announcing results for the April-September half.

Fuji Heavy targets a dividend payout ratio of 20-40%. The automaker has stuck to the low end of this range for the past two fiscal years. But the growing SUV sales are now inspiring it to aim higher.