Tokyo Rope Mfg Dividend
Dividend criteria checks 3/6
Tokyo Rope Mfg is a dividend paying company with a current yield of 2.95% that is well covered by earnings.
Key information
2.9%
Dividend yield
14%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | JP¥245.63 |
| Dividend yield forecast in 3Y | 3.2% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 5981 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 5981 has only been paying a dividend for 9 years, and since then payments have not increased.
Dividend Yield vs Market
| Tokyo Rope Mfg Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (5981) | 2.9% |
| Market Bottom 25% (JP) | 1.6% |
| Market Top 25% (JP) | 3.2% |
| Industry Average (Metals and Mining) | 3.6% |
| Analyst forecast in 3 Years (5981) | 3.2% |
Notable Dividend: 5981's dividend (2.95%) is higher than the bottom 25% of dividend payers in the JP market (1.59%).
High Dividend: 5981's dividend (2.95%) is low compared to the top 25% of dividend payers in the JP market (3.22%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.4%), 5981's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.6%), 5981's dividend payments are well covered by cash flows.