Toray Industries Dividend
Dividend criteria checks 4/6
Toray Industries is a dividend paying company with a current yield of 2.56% that is well covered by earnings.
Key information
2.6%
Dividend yield
66%
Payout ratio
Industry average yield | 2.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | JP¥27.43 |
Dividend yield forecast in 3Y | 3.3% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 3402's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3402's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Toray Industries Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (3402) | 2.6% |
Market Bottom 25% (JP) | 1.6% |
Market Top 25% (JP) | 3.2% |
Industry Average (Chemicals) | 2.2% |
Analyst forecast in 3 Years (3402) | 3.3% |
Notable Dividend: 3402's dividend (2.56%) is higher than the bottom 25% of dividend payers in the JP market (1.61%).
High Dividend: 3402's dividend (2.56%) is low compared to the top 25% of dividend payers in the JP market (3.24%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.6%), 3402's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.7%), 3402's dividend payments are well covered by cash flows.