Densan Dividend
Dividend criteria checks 3/6
Densan is a dividend paying company with a current yield of 2.6% that is well covered by earnings. Next payment date is on 11th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
2.6%
Dividend yield
22%
Payout ratio
| Industry average yield | 1.0% |
| Next dividend pay date | 11 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥37.000 |
| Earnings per share | JP¥159.67 |
| Future Dividend Yield | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 3640 has been paying a dividend for less than 10 years.
Growing Dividend: 3640's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Densan Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3640) | 2.6% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Professional Services) | 1.0% |
| Analyst forecast (3640) (up to 3 years) | n/a |
Notable Dividend: 3640's dividend (2.6%) is higher than the bottom 25% of dividend payers in the JP market (1.79%).
High Dividend: 3640's dividend (2.6%) 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 (22%), 3640's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (47.6%), 3640's dividend payments are well covered by cash flows.