Tsurumi ManufacturingLtd Dividends and Buybacks
Dividend criteria checks 4/6
Tsurumi ManufacturingLtd is a dividend paying company with a current yield of 1.33% that is well covered by earnings. Next payment date is on 9th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
1.3%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 2.0% |
| Future Dividend Yield | 1.3% |
| Dividend Growth | 3.5% |
| Next dividend pay date | 09 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥50.000 |
| Payout ratio | 8% |
Recent dividend and buyback updates
Tsurumi ManufacturingLtd (TSE:6351) Will Pay A Dividend Of ¥24.00
Aug 29
Tsurumi ManufacturingLtd (TSE:6351) Is Due To Pay A Dividend Of ¥22.00
Aug 08Tsurumi ManufacturingLtd (TSE:6351) Is Paying Out A Dividend Of ¥22.00
Jul 25Recent updates
Tsurumi ManufacturingLtd's (TSE:6351) Solid Earnings May Rest On Weak Foundations
Nov 25Tsurumi ManufacturingLtd (TSE:6351) Will Pay A Dividend Of ¥24.00
Aug 29Tsurumi ManufacturingLtd (TSE:6351) Is Due To Pay A Dividend Of ¥22.00
Aug 08Positive Sentiment Still Eludes Tsurumi Manufacturing Co.,Ltd. (TSE:6351) Following 27% Share Price Slump
Aug 06Tsurumi ManufacturingLtd (TSE:6351) Is Paying Out A Dividend Of ¥22.00
Jul 25Tsurumi ManufacturingLtd (TSE:6351) Is Due To Pay A Dividend Of ¥22.00
Jul 11Tsurumi ManufacturingLtd (TSE:6351) Is Increasing Its Dividend To ¥28.00
Mar 03Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 6351's dividends per share have been stable in the past 10 years.
Growing Dividend: 6351's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Tsurumi ManufacturingLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6351) | 1.3% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Machinery) | 2.2% |
| Analyst forecast (6351) (up to 3 years) | 1.3% |
Notable Dividend: 6351's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.82%).
High Dividend: 6351's dividend (1.33%) is low compared to the top 25% of dividend payers in the JP market (3.78%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.7%), 6351's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.7%), 6351's dividend payments are well covered by cash flows.