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Operations: The company generates revenue from the manufacturing and sale of agricultural machinery in Japan, Europe, the United States, and various international markets.

Dividend Yield: 3%

Yamabiko Corporation's dividends have been stable and reliable over the past decade, with consistent growth and a payout ratio of 31.6%, indicating sustainability. The dividend yield of 3.04% is lower than the top quartile in Japan but remains attractive given its coverage by earnings and cash flows, evidenced by a cash payout ratio of 48.6%. The company projects strong financial performance for 2024, with expected net sales of ¥162 billion and operating profit of ¥18.5 billion, supporting continued dividend payments.

• Unlock comprehensive insights into our analysis of Yamabiko stock in this dividend report.

• Upon reviewing our latest valuation report, Yamabiko's share price might be too optimistic.

Oiles

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Oiles Corporation manufactures and sells bearings, structural equipment, and construction equipment in Japan and internationally, with a market cap of ¥75.54 billion.

Operations: Oiles Corporation generates revenue through its segments, with ¥13.82 billion from Structural Equipment, ¥6.20 billion from Construction Equipment, ¥14.48 billion from General Bearing Equipment, and ¥33.76 billion from Automotive Bearing Equipment.

Dividend Yield: 3%

Oiles Corporation's dividend payments have been volatile over the past decade, despite being well covered by earnings and cash flows with payout ratios of 38.3% and 36.2%, respectively. The company recently announced a share buyback program to enhance shareholder returns, repurchasing up to ¥2 billion worth of shares. Revised earnings guidance indicates improved profitability, supporting future dividends, although the current yield of 3.02% is below Japan's top quartile for dividend payers.

• Navigate through the intricacies of Oiles with our comprehensive dividend report here.

• Our comprehensive valuation report raises the possibility that Oiles is priced higher than what may be justified by its financials.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SEHK:762 TSE:6250 and TSE:6282.

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