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Dividend Yield: 3.3%

JFE Systems' dividends are well-supported by earnings and cash flows, with payout ratios of 36.5% and 29.7%, respectively, indicating sustainability. However, the dividend yield of 3.29% is below the top quartile in Japan, and its track record has been volatile over the past decade. Recent guidance revisions show improved financial forecasts for fiscal year-end March 2025, including a dividend increase to ¥64 from ¥51, reflecting potential growth despite past instability.

• Get an in-depth perspective on JFE Systems' performance by reading our dividend report here.

• The valuation report we've compiled suggests that JFE Systems' current price could be quite moderate.

Bank of Saga

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

Overview: The Bank of Saga Ltd. offers a range of banking products and services in Japan, with a market capitalization of ¥39.59 billion.

Operations: The Bank of Saga Ltd.'s revenue is primarily derived from its banking segment, which contributes ¥43.96 billion, followed by its leasing segment at ¥7.57 billion and credit guarantee services at ¥678 million.

Dividend Yield: 3.4%

Bank of Saga's dividend yield of 3.41% is below the top quartile in Japan, but its dividends have been stable and reliable over the past decade, with consistent growth. The low payout ratio of 21.1% suggests dividends are well-covered by earnings, although there's insufficient data to assess future sustainability or coverage by cash flows. Despite trading significantly below estimated fair value, a low allowance for bad loans may present risk concerns for investors.

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

• Our expertly prepared valuation report Bank of Saga implies its share price may be lower than expected.

Summing It All Up

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• Find companies with promising cash flow potential yet trading below their fair value.

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 OM:INWI TSE:4832 and TSE:8395.

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