Nissan Motor Co. said Wednesday it will more than double its dividend payment for the fiscal year ending in March 2008.
President Carlos Ghosn made the bold promise to investors during the automaker's general shareholders' meeting in Tokyo.
The company, 46 percent owned by French carmaker Renault SA, said it plans to pay an annual dividend of at least 40 yen per share for fiscal 2007, the final year of the company's new three-year business plan.