NGK Spark Plug Dividend yield




   JPY/share 
 Price  2,710.00
 Dividend  137.13
 Earnings  311.49
 Cash-flow  351.95
 Book value  2,463.64
 Equity  2,377.79

NGK Spark Plug is part of Automobiles and Parts business, which is part of Consumer Goods industry. NGK Spark Plug is a company from Japan, and his stocks are publicly traded.

NGK Spark Plug paid a total dividend of 27,837 million JPY last year, for a market value of 550,130 millions (Market Cap 524,314 millions). Dividend per share of NGK Spark Plug is 137.13 JPY, and his stock market price 2,710.00 JPY.

According to the chart below, where dividend yield is displayed, NGK Spark Plug has a dividend yield of 5.06%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Consumer Goods 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 NGK Spark Plug dividend yield with other Automobiles and Parts companies or firms from Japan.

Dividend yield of NGK Spark Plug

NGK Spark Plug Dividend Payout

About the ability of NGK Spark Plug to maintain his current dividend of JPY 137.13 per share, an amount that accounts for 5.06%, we should study its payout ratio both on earnings and on cash-flows (see chart below). NGK Spark Plug payout on ernings is currently 44.02%, which is higher than the market average, but lower than companies of Consumer Goods industry, which are 41.59% and 44.08% respectively. Both figures show that NGK Spark Plug should not have problems to continue paying his 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 NGK Spark Plug is JPY 351.95 per share, which is higher than the dividend per share paid by the company of JPY 137.13, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of NGK Spark Plug, compared againt world market average, Japan companies, Consumer Goods industry and Automobiles and Parts sector companies.

NGK Spark Plug payout

NGK Spark Plug Dividend History

Year Yield  JPY  Paypout  Shares* 
Present5.06%137.1344.02%203
20214.14%82.9240.98%203
20203.40%59.9433.32%203
20193.28%70.0034.11%208
20182.97%65.1030.89%210
20171.86%50.9542.23%212
20161.79%41.9920.40%218
20151.16%38.9217.75%218

*In millions

NGK Spark Plug Stock performance

Finally, last moth NGK Spark Plug showed a return of 5.80% compared to a worldwide 3.75% average, and a 2.21% of Consumer Goods firms. Over the last year, the company obtained a 49.60% versus a worldwide performance of a -9.52%. More detailed information can be seen in the following graph for Japan and Automobiles and Parts firms.

NGK Spark Plug stock and market return