|JPY per share|
Glory paid a total dividend of 3,829 million JPY last year, for a market capitalization of 250,250 millions. Dividend per share of Glory is 58.91 JPY, and his stock market price 3,850.00 JPY.
According to the chart below, where dividend yield is displayed, Glory has a dividend yield of 1.53%, lower than the amount offered by both the market average and companies from Japan. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Glory to maintain his current dividend of JPY 58.91 per share, an amount that accounts for 1.53%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Glory payout on ernings is currently 27.39%, which is lower than the market average and companies of Industrials industry, which are 40.24% and 36.79% respectively. Both figures lead us to believe that there is confidence that Glorycan maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Glory is JPY 452.94 per share, which is higher than the dividend per share paid by the company of JPY 58.91, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Glory, compared againt world market average, Japan companies, Industrials industry and Support Services sector companies. You might also need to check full financial report of Glory.
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