Iyogin HoldingsInc (TSE:5830) Will Pay A Dividend Of ¥25.00

The board of Iyogin Holdings,Inc. (TSE:5830) has announced that it will pay a dividend of ¥25.00 per share on the 10th of December. Based on this payment, the dividend yield for the company will be 2.9%, which is fairly typical for the industry.

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Iyogin HoldingsInc's Earnings Will Easily Cover The Distributions

Unless the payments are sustainable, the dividend yield doesn't mean too much.

Iyogin HoldingsInc has a long history of paying out dividends, with its current track record at a minimum of 10 years. While past data isn't a guarantee for the future, Iyogin HoldingsInc's latest earnings report puts its payout ratio at 23%, showing that the company can pay out its dividends comfortably.

Looking forward, earnings per share is forecast to rise by 4.5% over the next year. If the dividend continues on this path, the future payout ratio could be 29% by next year, which we think can be pretty sustainable going forward.

Check out our latest analysis for Iyogin HoldingsInc

Iyogin HoldingsInc Has A Solid Track Record

The company has an extended history of paying stable dividends. The dividend has gone from an annual total of ¥10.00 in 2015 to the most recent total annual payment of ¥50.00. This means that it has been growing its distributions at 17% per annum over that time. So, dividends have been growing pretty quickly, and even more impressively, they haven't experienced any notable falls during this period.

The Dividend Looks Likely To Grow

Investors could be attracted to the stock based on the quality of its payment history. Iyogin HoldingsInc has impressed us by growing EPS at 25% per year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock.

We Really Like Iyogin HoldingsInc's Dividend

Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. See if management have their own wealth at stake, by checking insider shareholdings in Iyogin HoldingsInc stock. Is Iyogin HoldingsInc not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.