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Dividend payments are expected to drop for the first time in seven years, reflecting the fallout from the global economic and financial crisis, an economic think tank said Saturday.

Dividend payments for about 2,700 listed firms are projected to reach a total of ¥6.09 trillion for fiscal 2008 ended March 31, down 9.0 percent from fiscal 2007, according to the Financial & Economic Research Center of Nomura Securities Co.

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