Nitto Denko Corp Dividend yield




   JPY/share 
 Price  9,949.00
 Dividend  239.77
 Earnings  777.27
 Cash-flow  1,228.27
 Book value  6,218.13
 Equity  5,888.41

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

Nitto Denko Corp stock dividend

Nitto Denko Corp paid a total dividend of 35,006 million JPY last year, for a market value of 1,452,554 millions (Market Cap 1,435,600 millions). Nitto Denko Corp dividend per share is 239.77 JPY, and his stock market price 9,949.00 JPY.

According to the chart below, where dividend yield is displayed, Nitto Denko Corp has a dividend yield of 2.41%, 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 Nitto Denko Corp stocks dividend with other Chemicals companies or other of the highest Japan dividend stocks list.

Dividend yield of Nitto Denko Corp

Nitto Denko Corp Dividend Payout

About the ability of Nitto Denko Corp to maintain his current dividend of JPY 239.77 per share, an amount that accounts for 2.41%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Nitto Denko Corp payout on ernings is currently 30.85%, 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 Nitto Denko Corpcan 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 Nitto Denko Corp is JPY 1,228.27 per share, which is higher than the dividend per share paid by the company of JPY 239.77, so the company generates enough cash to maintain his dividend in the future.

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

Nitto Denko Corp payout

Nitto Denko Corp Dividend History

Below you will find a table with the historical evolution of Nitto Denko Corp'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* 
Present2.41%239.7730.85%146
20223.01%230.2733.71%148
20212.36%209.8042.48%148
20202.17%200.2958.81%148
20193.07%189.7342.67%157
20183.07%170.1729.17%157
20171.55%155.1637.36%162
20161.84%145.2927.78%162
20151.63%135.2219.40%165

*In millions

Then you can see the evolution of Nitto Denko Corp dividend stock, and compare it with the average of Japan stocks and that of the Chemicals stocks.

Nitto Denko Corp stock dividend history

Nitto Denko Corp Stock performance

Finally, last moth Nitto Denko Corp showed a return of -1.50% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 15.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Nitto Denko Corp stock and market return