Icom (ICOIF) Dividend Payout Ratio: 0.47 (As of Mar. 2026) — 15% Above Median


What is Icom Dividend Payout Ratio?

Icom ICOIF 82 Dividend Payout Ratio is 0.47 as of Mar. 2026, which is 15% above its 10-year median of 0.41. GuruFocus rates ICOIF with a GF Score™ of 82/100. The stock has 3 warning signs investors should review. Among 1,211 Hardware companies, Icom ranks better than 63.25% 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. Icom's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.47.

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


During the past 13 years, the highest Dividend Payout Ratio of Icom was 0.73. The lowest was 0.34. And the median was 0.41.

ICOIF's Dividend Payout Ratio is not ranked *
in the Hardware industry.
Industry Median: 0.47
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-26), the Dividend Yield % of Icom is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Icom was 3.78%. The lowest was 0.71%. And the median was 2.00%.

Icom's Dividends per Share for the months ended in Mar. 2026 was $0.32.

During the past 12 months, Icom's average Dividends Per Share Growth Rate was -9.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Icom was 38.40% per year. The lowest was -20.60% per year. And the median was 7.70% 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.

Icom (OTCPK:ICOIF) 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.

Icom Dividend Payout Ratio Related Terms

Icom Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Icom'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.

Icom Dividend Payout Ratio Chart

Icom 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 0.62 0.40 0.40 0.41 0.36

Icom 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 0.91 0.00 0.79 0.00 0.47

ICOIF vs CSCO, CIEN, MSI: Dividend Payout Ratio Comparison

For the Communication Equipment subindustry, Icom'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.

Icom Dividend Payout Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Icom's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Icom's Dividend Payout Ratio falls into.


Icom 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.

Icom'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 )
=0.473/ 1.319
=0.36

Icom'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 )
=0.315/ 0.677
=0.47

* 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 0.47 mean?
Icom (ICOIF) has a Dividend Payout Ratio of 0.47 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Icom and its competitors. This is 15% above median its historical median of 0.41. Over the past decade, Icom's Dividend Payout Ratio has ranged from 0.34 to 0.73. According to the industry distribution chart, Icom ranks #445 out of 1211 companies in the Hardware industry, placing it in the top 36.7%.
Is Icom's Dividend Payout Ratio too high?
Icom's current Dividend Payout Ratio of 0.47 is 15% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.73. The Hardware industry median Dividend Payout Ratio is 0.47. Icom's value of 0.47 is 0% at this industry median. Based on the distribution chart, Icom ranks #445 out of 1211 companies in the Hardware industry, which is above the industry midpoint. Overall, Icom has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Icom's Dividend Payout Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Icom ranks #445 out of 1211 companies for Dividend Payout Ratio. This puts Icom in the upper half of its industry. The industry median Dividend Payout Ratio is 0.47. Icom's value of 0.47 is 0% at this benchmark. Historically, Icom's own Dividend Payout Ratio has ranged from 0.34 to 0.73 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.47, Icom has consistently been at 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 Hardware company?
The median Dividend Payout Ratio among Hardware companies is 0.47, based on 1,211 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. Icom's current Dividend Payout Ratio of 0.47 is 0% at 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 Icom and its competitors. For the Hardware industry, the median Dividend Payout Ratio is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icom's current Dividend Payout Ratio is 0.47, which is 15% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icom stock overvalued right now?
Icom (ICOIF) has a current Dividend Payout Ratio of 0.47. The current Dividend Payout Ratio is 0.47, which is 15% above median its 10-year median of 0.41 and 0% at the Hardware industry median of 0.47. Icom's overall GF Score™ is 82/100 with 3 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 Icom (ICOIF), the current Dividend Payout Ratio is 0.47 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.

Icom Business Description

Other Exchanges 6820:Japan
Address 1-1-32, Kamiminami, Hirano-ku, Osaka, JPN, 547-0003
Icom Inc manufactures and sells telecommunications equipment. The company's product portfolio consists of land mobile radio, amateur radio, marine radio, navigation products, aviation radio and communications receivers. It operates in four segments Japan, North America including the United States and Canada, Europe including Germany and Spain, and Asia & Oceania including Australia, Taiwan, and China. The majority of the revenues are derived from the sale of telecommunications equipment in Japan.