Citizen Watch Co (FRA:CTZ) Dividend Payout Ratio: 0.56 (As of Mar. 2026) — 65% Above Median


FRA:CTZ Citizen Watch Co Ltd FRA:CTZ
64 GF Score
Price €13.00
GF Value €6.26
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Citizen Watch Co Dividend Payout Ratio?

Citizen Watch Co FRA:CTZ -0.76% 64 Dividend Payout Ratio is 0.56 as of Mar. 2026, which is 65% above its 10-year median of 0.34. GuruFocus rates FRA:CTZ with a GF Score™ of 64/100 and a GF Value™ of €6.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 415 Manufacturing - Apparel & Accessories companies, Citizen Watch Co ranks better than 60.24% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Citizen Watch Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.56.

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

FRA:CTZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.34   Max: 0.59
Current: 0.35

During the past 13 years, the highest Dividend Payout Ratio of Citizen Watch Co was 0.59. The lowest was 0.25. And the median was 0.34.

FRA:CTZ's Dividend Payout Ratio is ranked better than
60.24% of 415 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs FRA:CTZ: 0.35

As of today (2026-07-01), the Dividend Yield % of Citizen Watch Co is 1.97%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Citizen Watch Co was 8.39%. The lowest was 0.93%. And the median was 3.55%.

Citizen Watch Co's Dividends per Share for the months ended in Mar. 2026 was €0.13.

During the past 12 months, Citizen Watch Co's average Dividends Per Share Growth Rate was 4.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 49.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Citizen Watch Co was 100.00% per year. The lowest was -33.50% per year. And the median was 6.65% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Citizen Watch Co (FRA:CTZ) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Citizen Watch Co Dividend Payout Ratio Related Terms

Citizen Watch Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Citizen Watch 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.

Citizen Watch Co Dividend Payout Ratio Chart

Citizen Watch Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.44 0.41 0.59 0.35

Citizen Watch Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 0.00 0.76 0.00 0.56

FRA:CTZ vs NKE, DECK, ONON: Dividend Payout Ratio Comparison

For the Footwear & Accessories subindustry, Citizen Watch 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.

Citizen Watch Co Dividend Payout Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Dividend Payout Ratio distribution charts can be found below:

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


FRA:CTZ
64GF Score
Citizen Watch Co Ltd FRA:CTZ
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Citizen Watch Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Citizen Watch Co's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=0.256/ 0.74
=0.35

Citizen Watch Co's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.128/ 0.227
=0.56

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.56 mean?
Citizen Watch Co (FRA:CTZ) has a Dividend Payout Ratio of 0.56 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Citizen Watch Co and its competitors. This is 65% above median its historical median of 0.34. Over the past decade, Citizen Watch Co's Dividend Payout Ratio has ranged from 0.25 to 0.59. According to the industry distribution chart, Citizen Watch Co ranks #165 out of 415 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 39.8%.
Is Citizen Watch Co's Dividend Payout Ratio too high?
Citizen Watch Co's current Dividend Payout Ratio of 0.56 is 65% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.59. The Manufacturing - Apparel & Accessories industry median Dividend Payout Ratio is 0.44. Citizen Watch Co's value of 0.56 is 27.3% above this industry median. Based on the distribution chart, Citizen Watch Co ranks #165 out of 415 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Citizen Watch Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's Dividend Payout Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Citizen Watch Co ranks #165 out of 415 companies for Dividend Payout Ratio. This puts Citizen Watch Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. Citizen Watch Co's value of 0.56 is 27.3% above this benchmark. Historically, Citizen Watch Co's own Dividend Payout Ratio has ranged from 0.25 to 0.59 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.44, Citizen Watch Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Manufacturing - Apparel & Accessories company?
The median Dividend Payout Ratio among Manufacturing - Apparel & Accessories companies is 0.44, based on 415 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Citizen Watch Co's current Dividend Payout Ratio of 0.56 is 27.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Citizen Watch Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Watch Co's current Dividend Payout Ratio is 0.56, which is 65% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.26, compared to a current price of €13.00 — trading 107.7% above its estimated fair value. The current Dividend Payout Ratio is 0.56, which is 65% above median its 10-year median of 0.34 and 27.3% above the Manufacturing - Apparel & Accessories industry median of 0.44. Citizen Watch Co's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Citizen Watch Co (FRA:CTZ), the current Dividend Payout Ratio is 0.56 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Citizen Watch Co (FRA:CTZ) Overvalued in 2026?

Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued. The current stock price of €13.00 is trading 107.7% above its estimated GF Value™ of €6.26. GuruFocus considers Citizen Watch Co to be Significantly Overvalued.

Key valuation signals for FRA:CTZ:

  • Dividend Payout Ratio: 0.56 (65% above median its 10-year median of 0.34)
  • GF Value™: €6.26 vs. price of €13.00 (107.7% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 27.3% above the Manufacturing - Apparel & Accessories median (#165 of 415)

No single metric tells the full story. See the FRA:CTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Citizen Watch Co Business Description

Other Exchanges CHCLY:USA7762:Japan
Address 6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
64GF Score

Get the complete analysis for FRA:CTZ

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.00
Price
€6.26
GF Value