Kobe Steel Dividend yield




   JPY/share 
 Price  685.00
 Dividend  20.00
 Earnings  64.02
 Cash-flow  526.92
 Book value  2,283.33
 Equity  1,882.94

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 7,260 million JPY last year, for a market value of 248,655 millions (Market Cap 203,477 millions). Dividend per share of Kobe Steel is 20.00 JPY, and his stock market price 685.00 JPY.

According to the chart below, where dividend yield is displayed, Kobe Steel has a dividend yield of 2.92%, 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 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 20.00 per share, an amount that accounts for 2.92%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Kobe Steel payout on ernings is currently 31.24%, which is lower than the market average and companies of Basic Materials industry, which are 39.27% and 51.13% respectively. Both figures lead us to believe that there is confidence that Kobe Steelcan 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 Kobe Steel is JPY 526.92 per share, which is higher than the dividend per share paid by the company of JPY 20.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of 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* 
Present2.92%20.0031.24%363
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 -2.10% compared to a worldwide -1.33% average, and a -2.32% of Basic Materials firms. Over the last year, the company obtained a 71.70% versus a worldwide performance of a 31.58%. More detailed information can be seen in the following graph for Japan and Industrial Metals and Mining firms.

Kobe Steel stock and market return