RIDE ON EXPRESS HOLDINGS Dividend
Dividend criteria checks 2/6
RIDE ON EXPRESS HOLDINGS is a dividend paying company with a current yield of 1.48% that is well covered by earnings.
Key information
1.5%
Dividend yield
60%
Payout ratio
| Industry average yield | 0.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | JP¥15.000 |
| Earnings per share | JP¥25.06 |
| Dividend yield forecast | 1.5% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 6082 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 6082's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| RIDE ON EXPRESS HOLDINGS Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6082) | 1.5% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.7% |
| Industry Average (Hospitality) | 0.7% |
| Analyst forecast (6082) (up to 3 years) | 1.5% |
Notable Dividend: 6082's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.8%).
High Dividend: 6082's dividend (1.48%) is low compared to the top 25% of dividend payers in the JP market (3.75%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59.7%), 6082's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (13.7%), 6082's dividend payments are thoroughly covered by cash flows.