Tokuyama Corp Dividend yield




   JPY/share 
 Price  2,793.00
 Dividend  70.10
 Earnings  279.30
 Cash-flow  735.00
 Book value  2,327.50
 Equity  2,252.42

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

Tokuyama Corp paid a total dividend of 5,047 million JPY last year, for a market value of 201,096 millions (Market Cap 195,208 millions). Dividend per share of Tokuyama Corp is 70.10 JPY, and his stock market price 2,793.00 JPY.

According to the chart below, where dividend yield is displayed, Tokuyama Corp has a dividend yield of 2.51%, 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 Tokuyama Corp dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Tokuyama Corp

Tokuyama Corp Dividend Payout

About the ability of Tokuyama Corp to maintain his current dividend of JPY 70.10 per share, an amount that accounts for 2.51%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tokuyama Corp payout on ernings is currently 25.10%, which is lower than the market average and companies of Basic Materials industry, which are 38.16% and 48.78% respectively. Both figures lead us to believe that there is confidence that Tokuyama 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 Tokuyama Corp is JPY 735.00 per share, which is higher than the dividend per share paid by the company of JPY 70.10, so the company generates enough cash to maintain his dividend in the future.

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

Tokuyama Corp payout

Tokuyama Corp Dividend History

Year Yield  JPY  Paypout  Shares* 
Present2.51%70.1025.10%72
20203.02%69.9724.46%70
20192.10%60.1212.18%70
20181.45%35.1013.48%70

*In millions

Tokuyama Corp Stock performance

Finally, last moth Tokuyama Corp showed a return of 5.20% compared to a worldwide 4.25% average, and a 4.66% of Basic Materials firms. Over the last year, the company obtained a 33.50% versus a worldwide performance of a 53.42%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Tokuyama Corp stock and market return