|JPY per share|
Rinnai Corp paid a total dividend of 4,469 million JPY last year, for a market capitalization of 460,720 millions. Dividend per share of Rinnai Corp is 85.94 JPY, and his stock market price 8,860.00 JPY.
According to the chart below, where dividend yield is displayed, Rinnai Corp has a dividend yield of 0.97%, lower than the amount offered by both the market average and companies from Japan. It is also lower than average of Consumer Goods industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Rinnai Corp to maintain his current dividend of JPY 85.94 per share, an amount that accounts for 0.97%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Rinnai Corp payout on ernings is currently 19.69%, which is lower than the market average and companies of Consumer Goods industry, which are 39.68% and 38.65% respectively. Both figures lead us to believe that there is confidence that Rinnai Corpcan 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 Rinnai Corp is JPY 692.19 per share, which is higher than the dividend per share paid by the company of JPY 85.94, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Rinnai Corp, compared againt world market average, Japan companies, Consumer Goods industry and Household Goods and Home Constr. sector companies. You might also need to check full financial report of Rinnai Corp.
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