Daido Steel Co Dividend yield

 Price  6,030.00
 Dividend  229.74
 Earnings  849.30
 Cash-flow  528.95
 Book value  8,614.29
 Equity  8,166.35

Daido Steel Co is part of Industrial Metals and Mining business, which is part of Basic Materials industry. Daido Steel Co is a company from Japan, and his stocks are publicly traded.

Daido Steel Co stock dividend

Daido Steel Co paid a total dividend of 9,879 million JPY last year, for a market value of 259,290 millions (Market Cap 210,768 millions). Daido Steel Co dividend per share is 229.74 JPY, and his stock market price 6,030.00 JPY.

According to the chart below, where dividend yield is displayed, Daido Steel Co has a dividend yield of 3.81%, which is similar to the amount offered by both the market average and companies from Japan. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Daido Steel Co stocks dividend with other Industrial Metals and Mining companies or other of the high Japan dividend stocks list.

Dividend yield of Daido Steel Co

Daido Steel Co Dividend Payout

About the ability of Daido Steel Co to maintain his current dividend of JPY 229.74 per share, an amount that accounts for 3.81%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Daido Steel Co payout on ernings is currently 27.05%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Daido Steel Cocan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Daido Steel Co is JPY 528.95 per share, which is higher than the dividend per share paid by the company of JPY 229.74, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Daido Steel Co, compared againt world market average, Japan companies, Basic Materials industry and Industrial Metals and Mining sector companies.

Daido Steel Co payout

Daido Steel Co Dividend History

Below you will find a table with the historical evolution of Daido Steel Co's dividend stock, both in percentage and in JPY, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  JPY  Paypout  Shares* 

*In millions

Then you can see the evolution of Daido Steel Co dividend stock, and compare it with the average of Japan stocks and that of the Industrial Metals and Mining stocks.

Daido Steel Co stock dividend history

Daido Steel Co Stock performance

Finally, last moth Daido Steel Co showed a return of -0.90% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 53.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Industrial Metals and Mining firms.

Daido Steel Co stock and market return