TOKYO -- Japan's Maeda Road Construction aims to spend 53.5 billion yen ($484 million) to pay an extra dividend more than six times the previously planned amount -- a surprise move meant to block top shareholder Maeda Corp.'s hostile takeover bid.
The special dividend of 650 yen per share, announced Thursday, would come on top of the regular dividend of 100 yen to be paid out at the fiscal year-end in March.
