TSE:5988Auto Components
PIOLAX (TSE:5988) Stock Faces Dividend Strain Despite Steady Revenue
PIOLAX stock closed at ¥1,728 on Thursday after a choppy few weeks that left the 7 day return slightly in the red and the 3 month move solidly positive. Traders saw just another set of quarterly numbers. Longer term investors are more likely focused on a different story. The auto components supplier is still loss making on a trailing 12 month view while the dividend yield sits at 5.32% and is not well covered by earnings or free cash flow.
That tension between a generous payout and thin...