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Dividend Yield: 5.9%

Mitsui O.S.K. Lines has increased its annual dividend to ¥300 per share, reflecting improved earnings forecasts. Despite a top-tier yield of 5.86% in the Japanese market, dividends are not covered by free cash flows and have been volatile over the past decade. The company is addressing shareholder returns through a significant buyback program worth ¥100 billion, repurchasing shares to enhance value. However, high debt levels and projected earnings decline pose challenges for dividend sustainability.

• Dive into the specifics of Mitsui O.S.K. Lines here with our thorough dividend report.

• The analysis detailed in our Mitsui O.S.K. Lines valuation report hints at an deflated share price compared to its estimated value.

EVN

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

Overview: EVN AG is an energy and environmental services provider operating in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania with a market cap of €4.02 billion.

Operations: EVN AG's revenue segments include Energy (€799.80 million), Networks (€643.70 million), Production (€426 million), South East Europe (€1.34 billion), and Environmental Services (€428.70 million).

Dividend Yield: 3.9%

EVN offers a reliable dividend yield of 3.93%, though it's below the Austrian market's top tier. The dividends are well-covered by earnings and cash flows, with payout ratios of 34% and 38.7%, respectively, indicating sustainability. Despite stable and growing dividends over the past decade, earnings are forecast to decline by 2.1% annually over the next three years, which could impact future payouts. Trading at a discount to its fair value suggests potential for capital appreciation despite recent revenue declines from €3.77 billion to €3.26 billion year-on-year.

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

• Insights from our recent valuation report point to the potential undervaluation of EVN shares in the market.

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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 TSE:2153 TSE:9104 and WBAG:EVN.

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