Sumitomo Chemical Dividend yield

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

Sumitomo Chemical stock dividend

Sumitomo Chemical paid a total dividend of 29,381 million JPY last year, for a market value of 658,905 millions (Market Cap 607,462 millions). Sumitomo Chemical dividend per share is 17.97 JPY, and his stock market price 403.00 JPY.

According to the chart below, where dividend yield is displayed, Sumitomo Chemical has a dividend yield of 4.46%, which is similar to the amount offered by both the market average and companies from Japan. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Sumitomo Chemical stocks dividend with other Chemicals companies or other of the high Japan dividend stocks list.

Sumitomo Chemical Dividend Payout

About the ability of Sumitomo Chemical to maintain his current dividend of JPY 17.97 per share, an amount that accounts for 4.46%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Sumitomo Chemical payout on ernings is currently 61.54%, which is higher than the market average, and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures show that Sumitomo Chemical 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 Sumitomo Chemical is JPY 67.17 per share, which is higher than the dividend per share paid by the company of JPY 17.97, 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 Chemical, compared againt world market average, Japan companies, Basic Materials industry and Chemicals sector companies.

Sumitomo Chemical Dividend History

Below you will find a table with the historical evolution of Sumitomo Chemical'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	4.46%	17.97	61.54%	1,635
2022	5.49%	26.02	21.41%	1,635
2021	3.51%	19.02	47.37%	1,635
2020	2.89%	11.99	44.49%	1,635
2019	4.42%	22.01	27.40%	1,635
2018	4.32%	23.03	25.93%	1,634
2017	2.10%	17.01	15.33%	1,634
2016	2.49%	13.02	26.14%	1,634
2015	1.27%	8.97	24.52%	1,634

*In millions

Then you can see the evolution of Sumitomo Chemical dividend stock, and compare it with the average of Japan stocks and that of the Chemicals stocks.

Sumitomo Chemical Stock performance

Finally, last moth Sumitomo Chemical showed a return of -7.90% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a -26.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Chemicals firms.