|JPY per share|
Suruga Bank paid a total dividend of 4,717 million JPY last year, for a market capitalization of 575,190 millions. Dividend per share of Suruga Bank is 20.42 JPY, and his stock market price 2,490.00 JPY.
According to the chart below, where dividend yield is displayed, Suruga Bank has a dividend yield of 0.82%, lower than the amount offered by both the market average and companies from Japan. It is also lower than average of Financials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Suruga Bank to maintain his current dividend of JPY 20.42 per share, an amount that accounts for 0.82%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Suruga Bank payout on ernings is currently 12.79%, which is lower than the market average and companies of Financials industry, which are 40.24% and 44.22% respectively. Both figures lead us to believe that there is confidence that Suruga Bankcan 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 Suruga Bank is JPY 176.60 per share, which is higher than the dividend per share paid by the company of JPY 20.42, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Suruga Bank, compared againt world market average, Japan companies, Financials industry and Banks sector companies. You might also need to check full financial report of Suruga Bank.
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