Tokai Carbon Dividend
Dividend criteria checks 4/6
Tokai Carbon is a dividend paying company with a current yield of 3.23% that is well covered by earnings. Next payment date is on 2nd September, 2024 with an ex-dividend date of 27th June, 2024.
Key information
3.2%
Dividend yield
40%
Payout ratio
Industry average yield | 2.3% |
Next dividend pay date | 02 Sep 24 |
Ex dividend date | 27 Jun 24 |
Dividend per share | n/a |
Earnings per share | JP¥89.73 |
Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Recent updates
These 4 Measures Indicate That Tokai Carbon (TSE:5301) Is Using Debt Extensively
Jun 07Tokai Carbon's (TSE:5301) Dividend Will Be Reduced To ¥15.00
May 10Insufficient Growth At Tokai Carbon Co., Ltd. (TSE:5301) Hampers Share Price
Apr 14Tokai Carbon (TSE:5301) Has A Somewhat Strained Balance Sheet
Mar 02Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 5301's dividend payments have been volatile in the past 10 years.
Growing Dividend: 5301's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Tokai Carbon Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (5301) | 3.2% |
Market Bottom 25% (JP) | 1.7% |
Market Top 25% (JP) | 3.4% |
Industry Average (Chemicals) | 2.3% |
Analyst forecast in 3 Years (5301) | 3.8% |
Notable Dividend: 5301's dividend (3.23%) is higher than the bottom 25% of dividend payers in the JP market (1.71%).
High Dividend: 5301's dividend (3.23%) is low compared to the top 25% of dividend payers in the JP market (3.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.1%), 5301's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51.3%), 5301's dividend payments are covered by cash flows.