Maruichi Steel Tube 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  3,465.00
 Dividend  80.39
 Earnings  190.38
 Cash-flow  179.53
 Book value  3,150.00
 Equity  3,070.65

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 paid a total dividend of 6,672 million JPY last year, for a market value of 287,595 millions (Market Cap 212,601 millions). Dividend per share of Maruichi Steel Tube is 80.39 JPY, and his stock market price 3,465.00 JPY.

According to the chart below, where dividend yield is displayed, Maruichi Steel Tube has a dividend yield of 2.32%, 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 dividend yield with other Industrial Metals and Mining companies or firms from Japan.

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 80.39 per share, an amount that accounts for 2.32%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Maruichi Steel Tube payout on ernings is currently 42.23%, which is higher than the market average, but lower than companies of Basic Materials industry, which are 40.41% and 46.31% respectively. Both figures show that Maruichi Steel Tube should not have problems to continue paying his 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 179.53 per share, which is higher than the dividend per share paid by the company of JPY 80.39, 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 Stock performance

Finally, last moth Maruichi Steel Tube showed a return of 2.80% compared to a worldwide -5.60% average, and a -3.44% of Basic Materials firms. Over the last year, the company obtained a 5.00% versus a worldwide performance of a -11.41%. 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

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