Tokyo Gas Dividend yield




   JPY/share 
 Price  2,232.00
 Dividend  64.95
 Earnings  112.16
 Cash-flow  572.31
 Book value  2,480.00
 Equity  2,608.37

Tokyo Gas is part of Gas Water and Multiutilities business, which is part of Utilities industry. Tokyo Gas is a company from Japan, and his stocks are publicly traded.

Tokyo Gas paid a total dividend of 28,643 million JPY last year, for a market value of 984,312 millions (Market Cap 943,629 millions). Dividend per share of Tokyo Gas is 64.95 JPY, and his stock market price 2,232.00 JPY.

According to the chart below, where dividend yield is displayed, Tokyo Gas has a dividend yield of 2.91%, which is similar to the amount offered by both the market average and companies from Japan. However, it is lower than the average of Utilities 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 Tokyo Gas dividend yield with other Gas Water and Multiutilities companies or firms from Japan.

Dividend yield of Tokyo Gas

Tokyo Gas Dividend Payout

About the ability of Tokyo Gas to maintain his current dividend of JPY 64.95 per share, an amount that accounts for 2.91%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tokyo Gas payout on ernings is currently 57.91%, which is higher than the market average, and companies of Utilities industry, which are 38.25% and 54.88% respectively. Both figures show that Tokyo Gas 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 Tokyo Gas is JPY 572.31 per share, which is higher than the dividend per share paid by the company of JPY 64.95, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Tokyo Gas, compared againt world market average, Japan companies, Utilities industry and Gas Water and Multiutilities sector companies.

Tokyo Gas payout

Tokyo Gas Dividend History

Year Yield  JPY  Paypout  Shares* 
Present2.91%64.9557.91%441
20212.91%60.0053.54%441
20202.52%60.0860.99%441
20192.36%62.5932.57%441
20181.97%54.8832.90%450
20172.13%54.9347.50%459
20162.31%11.5323.57%2,296
20151.70%10.0017.01%2,390

*In millions

Tokyo Gas Stock performance

Finally, last moth Tokyo Gas showed a return of -4.90% compared to a worldwide 1.12% average, and a 2.24% of Utilities firms. Over the last year, the company obtained a -9.40% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Japan and Gas Water and Multiutilities firms.

Tokyo Gas stock and market return