Toray Industries Dividend
Dividend criteria checks 3/6
Toray Industries is a dividend paying company with a current yield of 2.29%. Next payment date is on 2nd December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
2.3%
Dividend yield
132%
Payout ratio
Industry average yield | 2.2% |
Next dividend pay date | 02 Dec 24 |
Ex dividend date | 27 Sep 24 |
Dividend per share | JP¥18.000 |
Earnings per share | JP¥13.67 |
Dividend yield forecast in 3Y | 2.9% |
Recent dividend updates
Upcoming Dividend Payment
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) | 2.3% |
Market Bottom 25% (JP) | 1.7% |
Market Top 25% (JP) | 3.5% |
Industry Average (Chemicals) | 2.2% |
Analyst forecast in 3 Years (3402) | 2.9% |
Notable Dividend: 3402's dividend (2.29%) is higher than the bottom 25% of dividend payers in the JP market (1.72%).
High Dividend: 3402's dividend (2.29%) is low compared to the top 25% of dividend payers in the JP market (3.48%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (131.7%), 3402's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.9%), 3402's dividend payments are covered by cash flows.