Nippon Shokubai 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  5,580.00
 Dividend  180.23
 Earnings  298.40
 Cash-flow  945.76
 Book value  7,971.43
 Equity  8,064.86

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

Nippon Shokubai paid a total dividend of 7,209 million JPY last year, for a market value of 223,200 millions (Market Cap 176,541 millions). Dividend per share of Nippon Shokubai is 180.23 JPY, and his stock market price 5,580.00 JPY.

According to the chart below, where dividend yield is displayed, Nippon Shokubai has a dividend yield of 3.23%, 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 Nippon Shokubai dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Nippon Shokubai

Nippon Shokubai Dividend Payout

About the ability of Nippon Shokubai to maintain his current dividend of JPY 180.23 per share, an amount that accounts for 3.23%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Nippon Shokubai payout on ernings is currently 60.40%, which is higher than the market average, and companies of Basic Materials industry, which are 37.66% and 45.45% respectively. Both figures show that Nippon Shokubai 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 Nippon Shokubai is JPY 945.76 per share, which is higher than the dividend per share paid by the company of JPY 180.23, so the company generates enough cash to maintain his dividend in the future.

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

Nippon Shokubai payout

Nippon Shokubai Stock performance

Finally, last moth Nippon Shokubai showed a return of 6.50% compared to a worldwide 4.36% average, and a 6.04% of Basic Materials firms. Over the last year, the company obtained a -9.30% versus a worldwide performance of a 2.14%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Nippon Shokubai stock and market return

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