DIC Dividend yield




   JPY/share 
 Price  2,867.00
 Dividend  100.06
 Earnings  139.85
 Cash-flow  573.40
 Book value  3,185.56
 Equity  3,329.76

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

DIC paid a total dividend of 9,506 million JPY last year, for a market value of 272,365 millions (Market Cap 233,007 millions). Dividend per share of DIC is 100.06 JPY, and his stock market price 2,867.00 JPY.

According to the chart below, where dividend yield is displayed, DIC has a dividend yield of 3.49%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Basic Materials 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 DIC dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of DIC

DIC Dividend Payout

About the ability of DIC to maintain his current dividend of JPY 100.06 per share, an amount that accounts for 3.49%, we should study its payout ratio both on earnings and on cash-flows (see chart below). DIC payout on ernings is currently 71.55%, which is higher than the market average, and companies of Basic Materials industry, which are 38.16% and 48.78% respectively. Both figures show that DIC 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 DIC is JPY 573.40 per share, which is higher than the dividend per share paid by the company of JPY 100.06, so the company generates enough cash to maintain his dividend in the future.

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

DIC payout

DIC Dividend History

Year Yield  JPY  Paypout  Shares* 
Present3.49%100.0671.55%95
20203.84%99.9940.32%95
20193.29%99.8529.61%95
20183.71%125.0330.79%95
20172.82%120.1332.71%95
20162.26%79.8919.89%95
20151.97%6.9926.19%962

*In millions

DIC Stock performance

Finally, last moth DIC showed a return of 9.90% compared to a worldwide 4.25% average, and a 4.66% of Basic Materials firms. Over the last year, the company obtained a 19.80% versus a worldwide performance of a 53.42%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

DIC stock and market return