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Nintendo has announced that is has raised its profit forecast by 17 percent and will pay a record 270 yen dividend for the previous financial year. The company is now set to post a net profit of 82 billion yen ($757.4 million) for the previous financial year which ended in March, compared to the previously forecast 70 billion yen.
This forecast gives the company a dividend yield of 2.2 percent, which is higher than both Sony Corp. and Microsoft Corp. The Nintendo DS has sold well, but the company cut its profit forecast in January due to lower than expected Nintendo DS software sales and a lack of demand for the GameCube. Nintendo are expected to showcase a new console at E3 in May.
