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Thursday, June 29, 2006

Nintendo Stock Continues to Rise

For the first time in history, Nintendo shareholders rejected a proposal that would have allowed its board to decide the timing and size of dividends without their approval.

"The proposed change was intended to give Nintendo's board a bit more autonomy, so that dividends can be paid out quickly without waiting for approval at a general shareholders' meeting," a Nintendo spokesman said.

"But apparently we could not win enough understanding from shareholders."

However, dispite this, Nintendo's stock is continuing to rise. Shares in Nintendo were up 0.5 percent at 19,070 yen, underperforming the Nikkei average's 1.58 percent gain.

Last known statistics of Nintendo Co Jp:
Last: ¥19,100
Change: +130.00 (+0.69%)
Revenue (ttm): ¥509,249.0M
EPS: 762.28
Market Cap: ¥2,454,672.00M
Time: 2:10am ET

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