Sumitomo Bakelite Dividend yield

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

Sumitomo Bakelite stock dividend

Sumitomo Bakelite paid a total dividend of 6,123 million JPY last year, for a market value of 323,971 millions (Market Cap 220,103 millions). Sumitomo Bakelite dividend per share is 130.28 JPY, and his stock market price 6,893.00 JPY.

According to the chart below, where dividend yield is displayed, Sumitomo Bakelite has a dividend yield of 1.89%, 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 Sumitomo Bakelite stocks dividend with other Chemicals companies or other of the high Japan dividend stocks list.

Sumitomo Bakelite Dividend Payout

About the ability of Sumitomo Bakelite to maintain his current dividend of JPY 130.28 per share, an amount that accounts for 1.89%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Sumitomo Bakelite payout on ernings is currently 29.30%, 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 Sumitomo Bakelitecan 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 Sumitomo Bakelite is JPY 503.14 per share, which is higher than the dividend per share paid by the company of JPY 130.28, so the company generates enough cash to maintain his dividend in the future.

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

Sumitomo Bakelite Dividend History

Below you will find a table with the historical evolution of Sumitomo Bakelite'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	1.89%	130.28	29.30%	47
2022	3.07%	120.19	29.78%	47
2021	1.63%	95.03	32.76%	47
2020	1.69%	60.00	30.08%	47
2019	2.00%	82.30	25.00%	47
2018	1.78%	67.64	20.47%	47

*In millions

Sumitomo Bakelite Stock performance

Finally, last moth Sumitomo Bakelite showed a return of 11.60% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 56.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Chemicals firms.