Mitsubishi Gas Chemical Company Dividends and Buybacks
Dividend criteria checks 4/6
Mitsubishi Gas Chemical Company is a dividend paying company with a current yield of 3.49% that is well covered by earnings. Next payment date is on 5th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
3.5%
Dividend yield
1.7%
Buyback Yield
| Total Shareholder Yield | 5.2% |
| Future Dividend Yield | 4.1% |
| Dividend Growth | 5.7% |
| Next dividend pay date | 05 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | €0.608 |
| Payout ratio | 25% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MUG's dividends per share have been stable in the past 10 years.
Growing Dividend: MUG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Mitsubishi Gas Chemical Company Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MUG) | 3.5% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Chemicals) | 5.6% |
| Analyst forecast (MUG) (up to 3 years) | 4.1% |
Notable Dividend: MUG's dividend (3.49%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: MUG's dividend (3.49%) is low compared to the top 25% of dividend payers in the German market (4.81%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.9%), MUG's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MUG is paying a dividend but the company has no free cash flows.