Kobe Steel Dividend yield




   JPY/share 
 Price  591.00
 Dividend  30.02
 Earnings  59.10
 Cash-flow  492.50
 Book value  1,970.00
 Equity  1,738.24

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

Kobe Steel paid a total dividend of 11,798 million JPY last year, for a market value of 232,263 millions (Market Cap 193,570 millions). Dividend per share of Kobe Steel is 30.02 JPY, and his stock market price 591.00 JPY.

According to the chart below, where dividend yield is displayed, Kobe Steel has a dividend yield of 5.08%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Basic Materials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Kobe Steel dividend yield with other Industrial Metals and Mining companies or firms from Japan.

Dividend yield of Kobe Steel

Kobe Steel Dividend Payout

About the ability of Kobe Steel to maintain his current dividend of JPY 30.02 per share, an amount that accounts for 5.08%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Kobe Steel payout on ernings is currently 50.80%, which is higher than the market average, and companies of Basic Materials industry, which are 38.25% and 40.37% respectively. Both figures show that Kobe Steel 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 Kobe Steel is JPY 492.50 per share, which is higher than the dividend per share paid by the company of JPY 30.02, so the company generates enough cash to maintain his dividend in the future.

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

Kobe Steel payout

Kobe Steel Dividend History

Year Yield  JPY  Paypout  Shares* 
Present5.08%30.0250.80%393
20213.47%20.0234.00%393
20200.00%0.000.00%363
20191.70%10.0110.03%362
20185.24%40.0323.05%362
20170.00%0.000.00%362
20160.00%0.000.00%363
20152.78%4.0016.67%3,625

*In millions

Kobe Steel Stock performance

Finally, last moth Kobe Steel showed a return of -3.40% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a -21.00% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Japan and Industrial Metals and Mining firms.

Kobe Steel stock and market return