Mitsubishi Chemical Dividend yield




   JPY/share 
 Price  817.00
 Dividend  29.98
 Earnings  18.00
 Cash-flow  326.80
 Book value  907.78
 Equity  857.14

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

Mitsubishi Chemical paid a total dividend of 42,572 million JPY last year, for a market value of 1,160,140 millions (Market Cap 1,039,089 millions). Dividend per share of Mitsubishi Chemical is 29.98 JPY, and his stock market price 817.00 JPY.

According to the chart below, where dividend yield is displayed, Mitsubishi Chemical has a dividend yield of 3.67%, 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 Mitsubishi Chemical dividend yield with other Chemicals companies or firms from Japan.

Dividend yield of Mitsubishi Chemical

Mitsubishi Chemical Dividend Payout

About the ability of Mitsubishi Chemical to maintain his current dividend of JPY 29.98 per share, an amount that accounts for 3.67%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Mitsubishi Chemical payout on ernings is currently 166.56%, which is higher than the market average, and companies of Basic Materials industry, which are 38.25% and 40.37% respectively. Both figures show that Mitsubishi Chemical 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 Mitsubishi Chemical is JPY 326.80 per share, which is higher than the dividend per share paid by the company of JPY 29.98, so the company generates enough cash to maintain his dividend in the future.

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

Mitsubishi Chemical payout

Mitsubishi Chemical Dividend History

Year Yield  JPY  Paypout  Shares* 
Present3.67%29.98166.56%1,420
20213.17%27.01149.97%1,420
20203.84%23.9638.78%1,420
20194.89%40.0028.36%1,420
20184.44%36.9922.20%1,420
20172.18%26.9724.85%1,439
20162.22%15.9835.07%1,465
20151.74%14.0425.05%1,465

*In millions

Mitsubishi Chemical Stock performance

Finally, last moth Mitsubishi Chemical showed a return of 0.00% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a -1.50% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Japan and Chemicals firms.

Mitsubishi Chemical stock and market return