Nippon Telegraph and Telephone Corp. will offer a special dividend of 5,000 yen per share next year in addition to a regular dividend of 2,500 yen after profits made from releasing a part of its shares of NTT Mobile Communications Network Inc., the carrier announced Thursday.NTT had held 95 percent of NTT DoCoMo’s shares until the country’s largest telecommunications carrier released part of its NTT DoCoMo stock. After Thursday’s release, NTT still holds 67 percent of NTT DoCoMo.NTT earned 850 billion yen in profits from the sale of DoCoMo stock and 390 billion yen is expected to remain in the hands of NTT after taxes and other expenses are taken away.Out of the 390 billion yen, NTT will spend 120 billion yen to buy back its stocks from the market, which will lead to raise NTT’s stock price in the market and eventually benefit the shareholders of NTT, company officials said.NTT DoCoMo shares made a solid debut today on the Tokyo Stock Exchange, fetching an initial quotation price of 4.65 million yen.Its premarket initial public offering price for investors who had subscribed to the shares was set at 3.9 million yen per share on Oct. 12, but the initial quotation, exceeded it by 750,000 yen, or 18 percent, per share.From the start of trading at 9 a.m., a fusillade of buy orders hit the new shares, running its price up to 4.67 million yen at one point. NTT DoCoMo’s market capitalization is now some 7.4 trillion yen, third after its parent company and Toyota Motor Corp.
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