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Operations: Dai Nippon Toryo Company generates revenue from several segments, including Domestic Coatings at ¥51.41 billion, Overseas Coatings at ¥8.43 billion, Fluorescent Color Materials at ¥1.21 billion, and Lighting at ¥9.98 billion.

Dividend Yield: 4.3%

Dai Nippon Toryo Company offers a dividend yield of 4.28%, placing it among the top 25% of dividend payers in Japan. Despite stable and growing dividends over the past decade, current payouts are not well covered by free cash flows due to a high cash payout ratio of 142.1%. Recent guidance indicates an increase in year-end dividends from ¥35 to ¥49 per share, with expected earnings per share at ¥151.07 for fiscal year ending March 2025.

• Get an in-depth perspective on Dai Nippon Toryo Company's performance by reading our dividend report here.

• In light of our recent valuation report, it seems possible that Dai Nippon Toryo Company is trading behind its estimated value.

Nichidenbo

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

Overview: Nichidenbo Corporation is involved in the global distribution of electronic components and has a market cap of NT$14.84 billion.

Operations: Nichidenbo Corporation generates revenue primarily from Taiwan, amounting to NT$12.55 billion, with additional contributions of NT$0.83 billion from other regions.

Dividend Yield: 4.9%

Nichidenbo's dividend yield of 4.86% ranks in the top 25% of Taiwan's market, yet its high cash payout ratio of 122.1% indicates dividends are not well covered by free cash flows, raising sustainability concerns. Despite past volatility, dividends have grown over the last decade. Recent earnings reports show increased sales and net income for nine months ending September 2024 at TWD 8.99 billion and TWD 740.14 million respectively, reflecting improved financial performance compared to the previous year.

• Take a closer look at Nichidenbo's potential here in our dividend report.

• According our valuation report, there's an indication that Nichidenbo's share price might be on the expensive side.

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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:2688 TSE:4611 and TWSE:3090.

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