Shinden Hightex Dividend
Dividend criteria checks 4/6
Shinden Hightex is a dividend paying company with a current yield of 5.14% that is well covered by earnings.
Key information
5.1%
Dividend yield
64%
Payout ratio
| Industry average yield | 1.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | JP¥207.50 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Does Shinden Hightex Corporation (TYO:3131) Have A Place In Your Dividend Portfolio?
Apr 22
Returns On Capital At Shinden Hightex (TYO:3131) Have Stalled
Mar 27Shinden Hightex (TYO:3131) Has A Rock Solid Balance Sheet
Feb 16
Is Shinden Hightex Corporation (TYO:3131) A Strong Dividend Stock?
Jan 21Is Shinden Hightex (TYO:3131) Set To Make A Turnaround?
Dec 26Does Shinden Hightex (TYO:3131) Have A Healthy Balance Sheet?
Nov 18Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 3131 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3131's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Shinden Hightex Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3131) | 5.1% |
| Market Bottom 25% (JP) | 1.6% |
| Market Top 25% (JP) | 3.2% |
| Industry Average (Electronic) | 1.5% |
| Analyst forecast in 3 Years (3131) | n/a |
Notable Dividend: 3131's dividend (5.14%) is higher than the bottom 25% of dividend payers in the JP market (1.6%).
High Dividend: 3131's dividend (5.14%) is in the top 25% of dividend payers in the JP market (3.22%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.4%), 3131's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (5.7%), 3131's dividend payments are thoroughly covered by cash flows.