Kaneka Corp Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   JPY per share 
 Price  3,610.00
 Dividend  100.00
 Earnings  214.88
 Cash-flow  611.86
 Book value  5,157.14
 Equity  5,116.19

Kaneka Corp is part of Chemicals business, which is part of Basic Materials industry. Kaneka Corp is a company from Japan, and his stocks are publicly traded.

Kaneka Corp paid a total dividend of 6,500 million JPY last year, for a market value of 234,650 millions (Market Cap 204,855 millions). Dividend per share of Kaneka Corp is 100.00 JPY, and his stock market price 3,610.00 JPY.

According to the chart below, where dividend yield is displayed, Kaneka Corp has a dividend yield of 2.77%, 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 Kaneka Corp dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Kaneka Corp

Kaneka Corp Dividend Payout

About the ability of Kaneka Corp to maintain his current dividend of JPY 100.00 per share, an amount that accounts for 2.77%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Kaneka Corp payout on ernings is currently 46.54%, which is higher than the market average, and companies of Basic Materials industry, which are 38.46% and 42.28% respectively. Both figures show that Kaneka Corp can have problems to keep with his present dividend yield.

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 Kaneka Corp is JPY 611.86 per share, which is higher than the dividend per share paid by the company of JPY 100.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Kaneka Corp, compared againt world market average, Japan companies, Basic Materials industry and Chemicals sector companies.

Kaneka Corp payout

Kaneka Corp Stock performance

Finally, last moth Kaneka Corp showed a return of 15.00% compared to a worldwide 3.99% average, and a 8.13% of Basic Materials firms. Over the last year, the company obtained a 2.60% versus a worldwide performance of a 6.44%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Kaneka Corp stock and market return

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