Tokushu Tokai Paper Dividend
Dividend criteria checks 4/6
Tokushu Tokai Paper is a dividend paying company with a current yield of 3.19% that is well covered by earnings. Next payment date is on 5th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
3.2%
Dividend yield
29%
Payout ratio
Industry average yield | 2.9% |
Next dividend pay date | 05 Dec 24 |
Ex dividend date | 27 Sep 24 |
Dividend per share | JP¥120.000 |
Earnings per share | JP¥399.30 |
Dividend yield forecast in 3Y | 3.2% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 3708's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3708's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Tokushu Tokai Paper Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (3708) | 3.2% |
Market Bottom 25% (JP) | 1.7% |
Market Top 25% (JP) | 3.5% |
Industry Average (Forestry) | 2.9% |
Analyst forecast in 3 Years (3708) | 3.2% |
Notable Dividend: 3708's dividend (3.19%) is higher than the bottom 25% of dividend payers in the JP market (1.74%).
High Dividend: 3708's dividend (3.19%) is low compared to the top 25% of dividend payers in the JP market (3.51%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.9%), 3708's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), 3708's dividend payments are well covered by cash flows.