Nitchitsu Dividend
Dividend criteria checks 2/6
Nitchitsu is a dividend paying company with a current yield of 2.11% that is well covered by earnings.
Key information
2.1%
Dividend yield
17%
Payout ratio
| Industry average yield | 2.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | JP¥30.000 |
| Earnings per share | JP¥181.53 |
| Dividend yield forecast | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 7021's dividend payments have been volatile in the past 10 years.
Growing Dividend: 7021's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Nitchitsu Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (7021) | 2.1% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Machinery) | 2.7% |
| Analyst forecast (7021) (up to 3 years) | n/a |
Notable Dividend: 7021's dividend (2.11%) is higher than the bottom 25% of dividend payers in the JP market (1.79%).
High Dividend: 7021's dividend (2.11%) is low compared to the top 25% of dividend payers in the JP market (3.72%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17%), 7021's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 7021 is paying a dividend but the company has no free cash flows.