Nippon Gas Co (FRA:NG0) Dividend Payout Ratio : 0.69 (As of Mar. 2024)

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What is Nippon Gas Co Dividend Payout Ratio?

Nippon Gas Co's dividend payout ratio for the months ended in Mar. 2024 was 0.69.

The historical rank and industry rank for Nippon Gas Co's Dividend Payout Ratio or its related term are showing as below:

FRA:NG0' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.37 Max: 0.69
Current: 0.66

During the past 13 years, the highest Dividend Payout Ratio of Nippon Gas Co was 0.69. The lowest was 0.15. And the median was 0.37.

FRA:NG0's Dividend Payout Ratio is ranked worse than
67.95% of 365 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs FRA:NG0: 0.66

As of today (2024-05-02), the Dividend Yield % of Nippon Gas Co is 2.94%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nippon Gas Co was 3.72%. The lowest was 0.61%. And the median was 1.33%.

Nippon Gas Co's Dividends per Share for the months ended in Mar. 2024 was €0.23.

During the past 12 months, Nippon Gas Co's average Dividends Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 30.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 27.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nippon Gas Co was 40.70% per year. The lowest was 5.70% per year. And the median was 26.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Nippon Gas Co Dividend Payout Ratio Historical Data

The historical data trend for Nippon Gas Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nippon Gas Co Dividend Payout Ratio Chart

Nippon Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.33

0.40

0.65

0.69

0.67

Nippon Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.57	-	6.26	-	0.69

Competitive Comparison of Nippon Gas Co's Dividend Payout Ratio

For the Utilities - Regulated Gas subindustry, Nippon Gas Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nippon Gas Co's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Gas Co's Dividend Payout Ratio falls into.

Nippon Gas Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Nippon Gas Co's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	0.461	/	0.69
	=	0.67

Nippon Gas Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.23	/	0.335
	=	0.69

Nippon Gas Co (FRA:NG0) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nippon Gas Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Nippon Gas Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Nippon Gas Co (FRA:NG0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Nippon Gas Co Ltd (FRA:NG0) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

8174:Japan

Address

10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540

Website

http://www.nichigas.co.jp

Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.

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