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Dividend Yield: 4.5%

Yahagi Construction's dividend yield of 4.51% ranks in the top 25% of JP market payers and has shown stability over the past decade. However, its high payout ratio of 102.4% indicates dividends aren't covered by earnings, though cash flows cover it with a 50.5% cash payout ratio. The recent follow-on equity offering may impact future dividends, as profit margins have decreased to 2%. The stock trades at a discount to its fair value estimate.

• Click to explore a detailed breakdown of our findings in Yahagi ConstructionLtd's dividend report.

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

Shizuoka Gas

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

Overview: Shizuoka Gas Co., Ltd. is engaged in the production, supply, and sale of city gas in Japan with a market cap of ¥87.98 billion.

Operations: Shizuoka Gas Co., Ltd.'s revenue segments include the production, supply, and sale of city gas in Japan.

Dividend Yield: 3.5%

Shizuoka Gas offers a reliable dividend yield of 3.51%, though it falls short of the top 25% in the JP market. The company recently shifted to a progressive dividend policy, reflecting commitment to stable shareholder returns despite lower profit margins at 4.3%. With a payout ratio of 28.9%, dividends are well-covered by earnings and cash flows, although the cash payout ratio is higher at 85.4%. Recent increases in dividends per share indicate growth potential amidst these changes.

• Click here and access our complete dividend analysis report to understand the dynamics of Shizuoka Gas.

• According our valuation report, there's an indication that Shizuoka Gas' 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 BMV:AC * TSE:1870 and TSE:9543.

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