Nichia Steel Works Dividend
Dividend criteria checks 4/6
Nichia Steel Works is a dividend paying company with a current yield of 3.45% that is well covered by earnings. Next payment date is on 4th December, 2024 with an ex-dividend date of 27th September, 2024.
Key information
3.4%
Dividend yield
37%
Payout ratio
| Industry average yield | 4.4% |
| Next dividend pay date | 04 Dec 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | JP¥10.000 |
| Earnings per share | JP¥26.94 |
| Dividend yield forecast | n/a |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 5658's dividend payments have been volatile in the past 10 years.
Growing Dividend: 5658's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Nichia Steel Works Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (5658) | 3.4% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.8% |
| Industry Average (Metals and Mining) | 4.4% |
| Analyst forecast (5658) (up to 3 years) | n/a |
Notable Dividend: 5658's dividend (3.45%) is higher than the bottom 25% of dividend payers in the JP market (1.84%).
High Dividend: 5658's dividend (3.45%) is low compared to the top 25% of dividend payers in the JP market (3.82%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.4%), 5658's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26%), 5658's dividend payments are well covered by cash flows.