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Dividend Yield: 3.9%

Pacific Industrial's dividend payments, while covered by a low payout ratio of 21.3%, have been unreliable and volatile over the past decade. Despite a recent earnings growth of 16.3%, future forecasts indicate an average decline of 5.7% annually for the next three years, raising concerns about sustainability as dividends are not supported by free cash flows. The stock offers a competitive yield in Japan's market and is trading at good relative value compared to peers and industry benchmarks.

• Dive into the specifics of Pacific Industrial here with our thorough dividend report.

• In light of our recent valuation report, it seems possible that Pacific Industrial is trading behind its estimated value.

Lumax International

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

Overview: Lumax International Corp., Ltd. operates in Taiwan and China, offering electronic components and program-controlled instruments, with a market cap of NT$10.14 billion.

Operations: Lumax International Corp., Ltd.'s revenue segments include Electronics Component (NT$555.50 million), Program-Controlled System (NT$1.92 billion), Program-Controlled Instrument (NT$2.81 billion), Other Program Control Business (NT$1.76 billion), and Communication and Linear Transmission System (NT$563.41 million).

Dividend Yield: 4.7%

Lumax International's dividends are covered by both earnings (57.2% payout ratio) and cash flows (60% cash payout ratio), indicating sustainability. However, the dividend history has been volatile and unreliable over the past decade despite a 4.74% yield, which is competitive in Taiwan's market. Recent financials show increased sales but a slight decline in quarterly net income year-over-year, suggesting potential challenges in maintaining consistent dividend growth despite overall positive nine-month results.

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

• Our expertly prepared valuation report Lumax International implies its share price may be lower than expected.

Key Takeaways

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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 TASE:GOHO TSE:7250 and TWSE:6192.

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