Mitsubishi Gas Chem Dividend yield




   JPY/share 
 Price  2,369.00
 Dividend  69.89
 Earnings  101.67
 Cash-flow  358.94
 Book value  2,369.00
 Equity  2,364.42

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

Mitsubishi Gas Chem paid a total dividend of 14,537 million JPY last year, for a market value of 492,752 millions (Market Cap 424,171 millions). Dividend per share of Mitsubishi Gas Chem is 69.89 JPY, and his stock market price 2,369.00 JPY.

According to the chart below, where dividend yield is displayed, Mitsubishi Gas Chem has a dividend yield of 2.95%, 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 Mitsubishi Gas Chem dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Mitsubishi Gas Chem

Mitsubishi Gas Chem Dividend Payout

About the ability of Mitsubishi Gas Chem to maintain his current dividend of JPY 69.89 per share, an amount that accounts for 2.95%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mitsubishi Gas Chem payout on ernings is currently 68.74%, which is higher than the market average, and companies of Basic Materials industry, which are 38.57% and 42.15% respectively. Both figures show that Mitsubishi Gas Chem 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 Mitsubishi Gas Chem is JPY 358.94 per share, which is higher than the dividend per share paid by the company of JPY 69.89, so the company generates enough cash to maintain his dividend in the future.

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

Mitsubishi Gas Chem payout

Mitsubishi Gas Chem Dividend History

Year Yield  JPY  Paypout  Shares* 
Present2.95%69.8968.74%208
20194.18%69.9726.75%211
20184.23%70.0118.19%214
20171.42%45.9420.73%216
20161.38%23.9315.46%221
20152.25%15.0114.85%442

*In millions

Mitsubishi Gas Chem Stock performance

Finally, last moth Mitsubishi Gas Chem showed a return of 7.00% compared to a worldwide 3.99% average, and a 8.08% of Basic Materials firms. Over the last year, the company obtained a 41.50% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Mitsubishi Gas Chem stock and market return