Nitto Denko Dividend
Dividend criteria checks 5/6
Nitto Denko is a dividend paying company with a current yield of 2.07% that is well covered by earnings. Next payment date is on 25th November, 2024 with an ex-dividend date of 27th September, 2024.
Key information
2.1%
Dividend yield
36%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 25 Nov 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | n/a |
| Earnings per share | JP¥731.58 |
| Dividend yield forecast in 3Y | 2.4% |
Recent dividend updates
Nitto Denko's (TSE:6988) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 11
Nitto Denko (TSE:6988) Will Pay A Dividend Of ¥130.00
Mar 14Nitto Denko (TSE:6988) Is Due To Pay A Dividend Of ¥130.00
Feb 26Recent updates
Nitto Denko's (TSE:6988) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 11Nitto Denko's (TSE:6988) Returns Have Hit A Wall
Jun 22Some Shareholders Feeling Restless Over Nitto Denko Corporation's (TSE:6988) P/E Ratio
Jun 08Is Nitto Denko (TSE:6988) Using Too Much Debt?
Apr 21A Look At The Fair Value Of Nitto Denko Corporation (TSE:6988)
Apr 07Nitto Denko (TSE:6988) Will Pay A Dividend Of ¥130.00
Mar 14When Should You Buy Nitto Denko Corporation (TSE:6988)?
Mar 10Nitto Denko (TSE:6988) Is Due To Pay A Dividend Of ¥130.00
Feb 26Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 6988's dividends per share have been stable in the past 10 years.
Growing Dividend: 6988's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Nitto Denko Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6988) | 2.1% |
| Market Bottom 25% (JP) | 1.7% |
| Market Top 25% (JP) | 3.4% |
| Industry Average (Chemicals) | 2.2% |
| Analyst forecast in 3 Years (6988) | 2.4% |
Notable Dividend: 6988's dividend (2.07%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).
High Dividend: 6988's dividend (2.07%) is low compared to the top 25% of dividend payers in the JP market (3.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.1%), 6988's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (44.8%), 6988's dividend payments are well covered by cash flows.