|JPY per share|
Rengo paid a total dividend of 2,976 million JPY last year, for a market capitalization of 161,696 millions. Dividend per share of Rengo is 12.00 JPY, and his stock market price 652.00 JPY.
According to the chart below, where dividend yield is displayed, Rengo has a dividend yield of 1.84%, lower than the amount offered by both the market average and companies from Japan. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Rengo to maintain his current dividend of JPY 12.00 per share, an amount that accounts for 1.84%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Rengo payout on ernings is currently 26.68%, which is lower than the market average and companies of Industrials industry, which are 40.24% and 36.79% respectively. Both figures lead us to believe that there is confidence that Rengocan maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Rengo is JPY 203.75 per share, which is higher than the dividend per share paid by the company of JPY 12.00, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Rengo, compared againt world market average, Japan companies, Industrials industry and General Industrials sector companies. You might also need to check full financial report of Rengo.
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