Mitsubishi Gas Chem Dividend yield

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 stock dividend

Mitsubishi Gas Chem paid a total dividend of 16,408 million JPY last year, for a market value of 407,130 millions (Market Cap 349,778 millions). Mitsubishi Gas Chem dividend per share is 80.04 JPY, and his stock market price 1,986.00 JPY.

According to the chart below, where dividend yield is displayed, Mitsubishi Gas Chem has a dividend yield of 4.03%, 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 Mitsubishi Gas Chem stocks dividend with other Chemicals companies or other of the high Japan dividend stocks list.

Mitsubishi Gas Chem Dividend Payout

About the ability of Mitsubishi Gas Chem to maintain his current dividend of JPY 80.04 per share, an amount that accounts for 4.03%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mitsubishi Gas Chem payout on ernings is currently 33.45%, 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 Mitsubishi Gas Chemcan 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 Mitsubishi Gas Chem is JPY 279.72 per share, which is higher than the dividend per share paid by the company of JPY 80.04, 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 Dividend History

Below you will find a table with the historical evolution of Mitsubishi Gas Chem'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*
Present	4.03%	80.04	33.45%	205
2022	4.11%	74.93	31.65%	205
2021	3.59%	69.93	40.21%	208
2020	2.95%	69.89	68.74%	208
2019	4.18%	69.97	26.75%	211
2018	4.23%	70.01	18.19%	214
2017	1.42%	45.94	20.73%	216
2016	1.38%	23.93	15.46%	221
2015	2.25%	15.01	14.85%	442

*In millions

Then you can see the evolution of Mitsubishi Gas Chem dividend stock, and compare it with the average of Japan stocks and that of the Chemicals stocks.

Mitsubishi Gas Chem Stock performance

Finally, last moth Mitsubishi Gas Chem showed a return of -6.70% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a -4.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Chemicals firms.