OSAKA/KYOTO, Japan -- Japanese regional lender Bank of Kyoto is under pressure from U.K.-based Silchester International Investors to raise payouts to shareholders, with a vote set for next week's annual meeting.
Silchester wants a share repurchase plan of up to 5 billion yen ($35 million) and a special dividend of 62 yen per share. In its proposal, Silchester said all dividend income the bank earns from stocks in its portfolio should be distributed to investors.
