CORREC Dividend
Dividend criteria checks 3/6
CORREC is a dividend paying company with a current yield of 2.33% that is well covered by earnings.
Key information
2.3%
Dividend yield
58%
Payout ratio
| Industry average yield | 1.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | JP¥12.05 |
| Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 6578 has been paying a dividend for less than 10 years.
Growing Dividend: 6578's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| CORREC Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6578) | 2.3% |
| Market Bottom 25% (JP) | 1.7% |
| Market Top 25% (JP) | 3.4% |
| Industry Average (Professional Services) | 1.0% |
| Analyst forecast in 3 Years (6578) | n/a |
Notable Dividend: 6578's dividend (2.33%) is higher than the bottom 25% of dividend payers in the JP market (1.66%).
High Dividend: 6578's dividend (2.33%) is low compared to the top 25% of dividend payers in the JP market (3.36%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58.1%), 6578's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41.1%), 6578's dividend payments are well covered by cash flows.