Nitchitsu Dividend
Dividend criteria checks 2/6
Nitchitsu is a dividend paying company with a current yield of 2.05% that is well covered by earnings. Next payment date is on 4th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
2.1%
Dividend yield
6.6%
Buyback Yield
| Total Shareholder Yield | 8.6% |
| Future Dividend Yield | n/a |
| Dividend Growth | -4.3% |
| Next dividend pay date | 04 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥30.000 |
| Payout ratio | 17% |
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) | 2.3% |
| Analyst forecast (7021) (up to 3 years) | n/a |
Notable Dividend: 7021's dividend (2.05%) is higher than the bottom 25% of dividend payers in the JP market (1.83%).
High Dividend: 7021's dividend (2.05%) is low compared to the top 25% of dividend payers in the JP market (3.82%).
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.