Nifco Dividend
Dividend criteria checks 4/6
Nifco is a dividend paying company with a current yield of 1.93% that is well covered by earnings. Next payment date is on 27th November, 2024 with an ex-dividend date of 27th September, 2024.
Key information
1.9%
Dividend yield
37%
Payout ratio
| Industry average yield | 3.4% |
| Next dividend pay date | 27 Nov 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥70.000 |
| Earnings per share | JP¥177.45 |
| Dividend yield forecast | 3.0% |
Recent dividend updates
Nifco (TSE:7988) Is Increasing Its Dividend To ¥35.00
Aug 22
Nifco (TSE:7988) Is Increasing Its Dividend To ¥35.00
Jul 26Nifco (TSE:7988) Will Pay A Larger Dividend Than Last Year At ¥35.00
Jul 11Recent updates
Nifco (TSE:7988) Is Increasing Its Dividend To ¥35.00
Aug 22At JP¥3,450, Is It Time To Put Nifco Inc. (TSE:7988) On Your Watch List?
Aug 18Nifco (TSE:7988) Is Increasing Its Dividend To ¥35.00
Jul 26Nifco (TSE:7988) Will Pay A Larger Dividend Than Last Year At ¥35.00
Jul 11Nifco's (TSE:7988) Conservative Accounting Might Explain Soft Earnings
May 22Nifco (TSE:7988) Has More To Do To Multiply In Value Going Forward
May 09Take Care Before Diving Into The Deep End On Nifco Inc. (TSE:7988)
Apr 23Does Nifco (TSE:7988) Have A Healthy Balance Sheet?
Apr 09Is There An Opportunity With Nifco Inc.'s (TSE:7988) 35% Undervaluation?
Mar 24Why Nifco Inc. (TSE:7988) Could Be Worth Watching
Mar 10Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 7988's dividend payments have been volatile in the past 10 years.
Growing Dividend: 7988's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Nifco Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (7988) | 1.9% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Auto Components) | 3.4% |
| Analyst forecast (7988) (up to 3 years) | 3.0% |
Notable Dividend: 7988's dividend (1.93%) is higher than the bottom 25% of dividend payers in the JP market (1.79%).
High Dividend: 7988's dividend (1.93%) is low compared to the top 25% of dividend payers in the JP market (3.68%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.6%), 7988's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.8%), 7988's dividend payments are well covered by cash flows.