Sumitomo Dividend
Dividend criteria checks 4/6
Sumitomo is a dividend paying company with a current yield of 3.44% that is well covered by earnings. Next payment date is on 2nd December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
3.4%
Dividend yield
40%
Payout ratio
Industry average yield | 2.8% |
Next dividend pay date | 02 Dec 24 |
Ex dividend date | 27 Sep 24 |
Dividend per share | JP¥130.000 |
Earnings per share | JP¥319.22 |
Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Sumitomo's (TSE:8053) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 25Sumitomo (TSE:8053) Is Increasing Its Dividend To ¥65.00
Jul 11Recent updates
Sumitomo's (TSE:8053) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 25Sumitomo (TSE:8053) Is Increasing Its Dividend To ¥65.00
Jul 11Fewer Investors Than Expected Jumping On Sumitomo Corporation (TSE:8053)
Jun 22Sumitomo's (TSE:8053) Returns Have Hit A Wall
Jun 07Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden
Apr 08Sumitomo Corporation (TSE:8053) Looks Inexpensive But Perhaps Not Attractive Enough
Mar 12Investors Met With Slowing Returns on Capital At Sumitomo (TSE:8053)
Feb 26Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 8053's dividend payments have been volatile in the past 10 years.
Growing Dividend: 8053's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Sumitomo Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (8053) | 3.4% |
Market Bottom 25% (JP) | 1.7% |
Market Top 25% (JP) | 3.6% |
Industry Average (Trade Distributors) | 2.8% |
Analyst forecast in 3 Years (8053) | 3.8% |
Notable Dividend: 8053's dividend (3.44%) is higher than the bottom 25% of dividend payers in the JP market (1.75%).
High Dividend: 8053's dividend (3.44%) is low compared to the top 25% of dividend payers in the JP market (3.55%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.6%), 8053's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.5%), 8053's dividend payments are well covered by cash flows.