Pigeon Dividend yield




   JPY/share 
 Price  2,168.00
 Dividend  76.10
 Earnings  73.49
 Cash-flow  91.09
 Book value  619.43
 Equity  602.38

Pigeon is part of Personal Goods business, which is part of Consumer Goods industry. Pigeon is a company from Japan, and his stocks are publicly traded.

Pigeon paid a total dividend of 9,132 million JPY last year, for a market value of 260,160 millions (Market Cap 233,433 millions). Dividend per share of Pigeon is 76.10 JPY, and his stock market price 2,168.00 JPY.

According to the chart below, where dividend yield is displayed, Pigeon has a dividend yield of 3.51%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Consumer Goods 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 Pigeon dividend yield with other Personal Goods companies or firms from Japan.

Dividend yield of Pigeon

Pigeon Dividend Payout

About the ability of Pigeon to maintain his current dividend of JPY 76.10 per share, an amount that accounts for 3.51%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Pigeon payout on ernings is currently 103.55%, which is higher than the market average, and companies of Consumer Goods industry, which are 41.22% and 43.77% respectively. Both figures show that Pigeon 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 Pigeon is JPY 91.09 per share, which is higher than the dividend per share paid by the company of JPY 76.10, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Pigeon, compared againt world market average, Japan companies, Consumer Goods industry and Personal Goods sector companies.

Pigeon payout

Pigeon Dividend History

Year Yield  JPY  Paypout  Shares* 
Present3.51%76.10103.55%120
20213.37%74.0783.23%120
20201.69%71.9168.28%120
20191.74%69.8658.81%120
20181.47%69.0957.04%120
20170.65%27.8930.03%120
20161.53%44.1151.87%120
20151.13%39.8955.37%120

*In millions

Pigeon Stock performance

Finally, last moth Pigeon showed a return of 6.10% compared to a worldwide -2.30% average, and a -1.61% of Consumer Goods firms. Over the last year, the company obtained a -1.40% versus a worldwide performance of a -5.85%. More detailed information can be seen in the following graph for Japan and Personal Goods firms.

Pigeon stock and market return