RenaissanceIncorporated Dividend
Dividend criteria checks 2/6
RenaissanceIncorporated is a dividend paying company with a current yield of 1.05% that is well covered by earnings. Next payment date is on 9th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
1.0%
Dividend yield
25%
Payout ratio
| Industry average yield | 0.7% |
| Next dividend pay date | 09 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥11.000 |
| Earnings per share | JP¥39.23 |
| Dividend yield forecast | 1.0% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2378's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2378's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| RenaissanceIncorporated Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2378) | 1.0% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Hospitality) | 0.7% |
| Analyst forecast (2378) (up to 3 years) | 1.0% |
Notable Dividend: 2378's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.81%).
High Dividend: 2378's dividend (1.05%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25.5%), 2378's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9%), 2378's dividend payments are thoroughly covered by cash flows.