Innovation Dividend
Dividend criteria checks 3/6
Innovation is a dividend paying company with a current yield of 3.11% that is well covered by earnings.
Key information
3.1%
Dividend yield
58%
Payout ratio
| Industry average yield | 1.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | JP¥40.000 |
| Earnings per share | JP¥67.24 |
| Dividend yield forecast | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 3970 has been paying a dividend for less than 10 years.
Growing Dividend: 3970's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Innovation Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3970) | 3.1% |
| Market Bottom 25% (JP) | 1.8% |
| Market Top 25% (JP) | 3.7% |
| Industry Average (Interactive Media and Services) | 1.4% |
| Analyst forecast (3970) (up to 3 years) | n/a |
Notable Dividend: 3970's dividend (3.11%) is higher than the bottom 25% of dividend payers in the JP market (1.79%).
High Dividend: 3970's dividend (3.11%) is low compared to the top 25% of dividend payers in the JP market (3.72%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58%), 3970's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (38.8%), 3970's dividend payments are well covered by cash flows.