Morinaga Milk Industry Co (FRA:MO8) Dividend Payout Ratio: 1.36 (As of Mar. 2026) — 656% Above Median

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Morinaga Milk Industry Co Ltd FRA:MO8

70 GF Score

Price €6.35

GF Value €4.70

Valuation Significantly Overvalued

5 Warning Signs

View Full Analysis

What is Morinaga Milk Industry Co Dividend Payout Ratio?

Morinaga Milk Industry Co FRA:MO8 -1.55% 70 Dividend Payout Ratio is 1.36 as of Mar. 2026, which is 656% above its 10-year median of 0.18. GuruFocus rates FRA:MO8 with a GF Score™ of 70/100 and a GF Value™ of €4.70 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 996 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks better than 67.57% 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. Morinaga Milk Industry Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.36.

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

FRA:MO8' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.18 Max: 0.46
Current: 0.3

During the past 13 years, the highest Dividend Payout Ratio of Morinaga Milk Industry Co was 0.46. The lowest was 0.14. And the median was 0.18.

FRA:MO8's Dividend Payout Ratio is ranked better than
67.57% of 996 companies
in the Consumer Packaged Goods industry
Industry Median: 0.435 vs FRA:MO8: 0.30

As of today (2026-07-20), the Dividend Yield % of Morinaga Milk Industry Co is 2.16%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Morinaga Milk Industry Co was 3.80%. The lowest was 0.72%. And the median was 1.40%.

Morinaga Milk Industry Co's Dividends per Share for the months ended in Mar. 2026 was €0.08.

During the past 12 months, Morinaga Milk Industry Co's average Dividends Per Share Growth Rate was 11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 30.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 18.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Morinaga Milk Industry Co was 31.00% per year. The lowest was 0.00% per year. And the median was 8.70% 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.

Morinaga Milk Industry Co (FRA:MO8) 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.

Morinaga Milk Industry Co Dividend Payout Ratio Related Terms

Morinaga Milk Industry Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Morinaga Milk Industry 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.

Morinaga Milk Industry Co Dividend Payout Ratio Chart

Morinaga Milk Industry Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.18

0.23

0.27

0.46

0.31

Morinaga Milk Industry 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															0.00	0.00	0.41	0.00	1.36

FRA:MO8 vs KHC, GIS: Dividend Payout Ratio Comparison

For the Packaged Foods subindustry, Morinaga Milk Industry 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.

Morinaga Milk Industry Co Dividend Payout Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's Dividend Payout Ratio falls into.

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70GF Score

Morinaga Milk Industry Co Ltd FRA:MO8

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Morinaga Milk Industry Co Dividend Payout Ratio Calculation

Morinaga Milk Industry 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 )
	=	0.136	/	0.44
	=	0.31

Morinaga Milk Industry 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 )
	=	0.075	/	0.055
	=	1.36

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.36 mean?

Morinaga Milk Industry Co (FRA:MO8) has a Dividend Payout Ratio of 1.36 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Morinaga Milk Industry Co and its competitors. This is 656% above median its historical median of 0.18. Over the past decade, Morinaga Milk Industry Co's Dividend Payout Ratio has ranged from 0.14 to 0.46. According to the industry distribution chart, Morinaga Milk Industry Co ranks #323 out of 996 companies in the Consumer Packaged Goods industry, placing it in the top 32.4%.

Is Morinaga Milk Industry Co's Dividend Payout Ratio too high?

Morinaga Milk Industry Co's current Dividend Payout Ratio of 1.36 is 656% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.46. The Consumer Packaged Goods industry median Dividend Payout Ratio is 0.44. Morinaga Milk Industry Co's value of 1.36 is 212.6% above this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #323 out of 996 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Morinaga Milk Industry Co's Dividend Payout Ratio compare to KHC and GIS?

According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #323 out of 996 companies for Dividend Payout Ratio. This puts Morinaga Milk Industry Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.44. Morinaga Milk Industry Co's value of 1.36 is 212.6% above this benchmark. Historically, Morinaga Milk Industry Co's own Dividend Payout Ratio has ranged from 0.14 to 0.46 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.44, Morinaga Milk Industry 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 Consumer Packaged Goods company?

The median Dividend Payout Ratio among Consumer Packaged Goods companies is 0.44, based on 996 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. Morinaga Milk Industry Co's current Dividend Payout Ratio of 1.36 is 212.6% 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods 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. Morinaga Milk Industry Co's current Dividend Payout Ratio is 1.36, which is 656% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Morinaga Milk Industry Co stock overvalued right now?

Based on GuruFocus' analysis, Morinaga Milk Industry Co (FRA:MO8) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.70, compared to a current price of €6.35 — trading 35.1% above its estimated fair value. The current Dividend Payout Ratio is 1.36, which is 656% above median its 10-year median of 0.18 and 212.6% above the Consumer Packaged Goods industry median of 0.44. Morinaga Milk Industry Co's overall GF Score™ is 70/100 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 Morinaga Milk Industry Co (FRA:MO8), the current Dividend Payout Ratio is 1.36 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 Morinaga Milk Industry Co (FRA:MO8) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued. The current stock price of €6.35 is trading 35.1% above its estimated GF Value™ of €4.70. GuruFocus considers Morinaga Milk Industry Co to be Significantly Overvalued.

Key valuation signals for FRA:MO8:

Dividend Payout Ratio: 1.36 (656% above median its 10-year median of 0.18)
GF Value™: €4.70 vs. price of €6.35 (35.1% above fair value)
GF Score™: 70/100 with 5 warning signs
Industry Position: 212.6% above the Consumer Packaged Goods median (#323 of 996)

No single metric tells the full story. See the FRA:MO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morinaga Milk Industry Co Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:1332 TSE:2229 TSE:2607 TSE:2206 TSE:2810 TSE:2296 TSE:2871 TSE:2002 TSE:2811 TSE:2001 XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999

Other Exchanges 2264:Japan

Address 33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website http://www.morinagamilk.co.jp

Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.

70GF Score

Get the complete analysis for FRA:MO8

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

€6.35

Price

€4.70

GF Value

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