Nof Corp Dividend yield

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

Nof Corp stock dividend

Nof Corp paid a total dividend of 8,730 million JPY last year, for a market value of 532,332 millions (Market Cap 430,060 millions). Nof Corp dividend per share is 107.78 JPY, and his stock market price 6,572.00 JPY.

According to the chart below, where dividend yield is displayed, Nof Corp has a dividend yield of 1.64%, 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 Nof Corp stocks dividend with other Chemicals companies or other of the highest Japan dividend stocks list.

Nof Corp Dividend Payout

About the ability of Nof Corp to maintain his current dividend of JPY 107.78 per share, an amount that accounts for 1.64%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Nof Corp payout on ernings is currently 25.58%, 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 Nof 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 Nof Corp is JPY 289.52 per share, which is higher than the dividend per share paid by the company of JPY 107.78, so the company generates enough cash to maintain his dividend in the future.

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

Nof Corp Dividend History

Below you will find a table with the historical evolution of Nof 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*
Present	1.64%	107.78	25.58%	81
2022	1.84%	97.15	29.81%	82
2021	1.45%	84.25	29.87%	83
2020	1.49%	77.93	30.70%	83
2019	2.33%	85.05	32.39%	84
2018	2.02%	75.85	32.52%	85
2017	1.52%	45.98	22.65%	87

*In millions

Nof Corp Stock performance

Finally, last moth Nof Corp showed a return of 7.20% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 24.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Chemicals firms.