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Stocks

Shareholder rewards bolstering stock prices

TOKYO -- As fiscal 2013 earnings results pour in, those Japanese companies that have upgraded shareholder rewards are enjoying jumps in their stock prices.

     Trading house Mitsubishi Corp. announced its earnings results at 1 p.m. Thursday, including plans for a stock buyback of up 60 billion yen ($583 million) and a 2 yen bump in its annual dividend. Its stock climbed as high as 8% in the afternoon, before ending 6.5% higher.

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