Maruichi Steel Tube Dividend yield

 Price  3,788.00
 Dividend  109.47
 Earnings  303.04
 Cash-flow  307.97
 Book value  3,788.00
 Equity  3,835.95

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

Maruichi Steel Tube stock dividend

Maruichi Steel Tube paid a total dividend of 8,758 million JPY last year, for a market value of 303,040 millions (Market Cap 223,645 millions). Maruichi Steel Tube dividend per share is 109.47 JPY, and his stock market price 3,788.00 JPY.

According to the chart below, where dividend yield is displayed, Maruichi Steel Tube has a dividend yield of 2.89%, lower than the amount offered by both the market average and companies from Japan. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

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

Dividend yield of Maruichi Steel Tube

Maruichi Steel Tube Dividend Payout

About the ability of Maruichi Steel Tube to maintain his current dividend of JPY 109.47 per share, an amount that accounts for 2.89%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Maruichi Steel Tube payout on ernings is currently 36.12%, 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 Maruichi Steel Tubecan 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 Maruichi Steel Tube is JPY 307.97 per share, which is higher than the dividend per share paid by the company of JPY 109.47, so the company generates enough cash to maintain his dividend in the future.

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

Maruichi Steel Tube payout

Maruichi Steel Tube Dividend History

Below you will find a table with the historical evolution of Maruichi Steel Tube'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 Maruichi Steel Tube dividend stock, and compare it with the average of Japan stocks and that of the Industrial Metals and Mining stocks.

Maruichi Steel Tube stock dividend history

Maruichi Steel Tube Stock performance

Finally, last moth Maruichi Steel Tube showed a return of 12.50% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 27.20% 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.

Maruichi Steel Tube stock and market return