Sumitomo Corp Dividend yield

Sumitomo Corp is part of Support Services business, which is part of Industrials industry. Sumitomo Corp is a company from Japan, and his stocks are publicly traded.

Sumitomo Corp stock dividend

Sumitomo Corp paid a total dividend of 141,737 million JPY last year, for a market value of 3,700,766 millions (Market Cap 3,315,917 millions). Sumitomo Corp dividend per share is 114.86 JPY, and his stock market price 2,999.00 JPY.

According to the chart below, where dividend yield is displayed, Sumitomo Corp has a dividend yield of 3.83%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Industrials 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 Sumitomo Corp stocks dividend with other Support Services companies or other of the high Japan dividend stocks list.

Sumitomo Corp Dividend Payout

About the ability of Sumitomo Corp to maintain his current dividend of JPY 114.86 per share, an amount that accounts for 3.83%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Sumitomo Corp payout on ernings is currently 24.51%, which is lower than the market average and companies of Industrials industry, which are 39.34% and 37.26% respectively. Both figures lead us to believe that there is confidence that Sumitomo Corpcan 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 Corp is JPY 193.48 per share, which is higher than the dividend per share paid by the company of JPY 114.86, 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 Corp, compared againt world market average, Japan companies, Industrials industry and Support Services sector companies.

Sumitomo Corp Dividend History

Below you will find a table with the historical evolution of Sumitomo Corp'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	3.83%	114.86	24.51%	1,234
2022	5.58%	122.54	31.81%	1,250
2021	4.70%	79.95	-74.73%	1,250
2020	5.13%	70.08	45.15%	1,249
2019	5.11%	82.99	30.15%	1,249
2018	4.55%	71.07	26.84%	1,249
2017	2.77%	53.05	34.63%	1,248
2016	3.66%	49.96	64.41%	1,251
2015	3.82%	49.97	-118.81%	1,251

*In millions

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

Sumitomo Corp Stock performance

Finally, last moth Sumitomo Corp showed a return of -1.60% compared to a worldwide -2.49% average, and a -2.39% of Industrials firms. Over the last year, the company obtained a 52.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Japan and Support Services firms.