Spec Products (ROCO:7718) Dividend Payout Ratio: 2.41 (As of Jun. 2026) — 230% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:7718 Spec Products Corp ROCO:7718
52 GF Score
Price NT$47.15
! 2 Warning Signs
View Full Analysis

What is Spec Products Dividend Payout Ratio?

Spec Products ROCO:7718 -0.32% 52 Dividend Payout Ratio is 2.41 as of Jun. 2026, which is 230% above its 10-year median of 0.73. GuruFocus rates ROCO:7718 with a GF Score™ of 52/100. The stock has 2 warning signs investors should review. Among 1,715 Industrial Products companies, Spec Products ranks worse than 61.05% 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. Spec Products's Dividend Payout Ratio for the months ended in Jun. 2026 was 2.41.

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

ROCO:7718' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.73   Max: 0.97
Current: 0.45


During the past 6 years, the highest Dividend Payout Ratio of Spec Products was 0.97. The lowest was 0.45. And the median was 0.73.

ROCO:7718's Dividend Payout Ratio is ranked worse than
61.05% of 1715 companies
in the Industrial Products industry
Industry Median: 0.35 vs ROCO:7718: 0.45

As of today (2026-08-31), the Dividend Yield % of Spec Products is 5.30%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Spec Products was 14.67%. The lowest was 4.98%. And the median was 7.12%.

Spec Products's Dividends per Share for the months ended in Jun. 2026 was NT$2.50.

During the past 12 months, Spec Products's average Dividends Per Share Growth Rate was -61.50% 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.


Spec Products (ROCO:7718) 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.


Spec Products Dividend Payout Ratio Related Terms


Spec Products Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Spec Products'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.

Spec Products Dividend Payout Ratio Chart

Spec Products Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.49 0.97

Spec Products Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 2.41

ROCO:7718 vs SNA, RBC, LECO: Dividend Payout Ratio Comparison

For the Tools & Accessories subindustry, Spec Products'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.


Spec Products Dividend Payout Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spec Products's Dividend Payout Ratio distribution charts can be found below:

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


ROCO:7718
52GF Score
Spec Products Corp ROCO:7718
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spec Products 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.

Spec Products's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=3.5/ 3.627
=0.96

Spec Products's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=2.5/ 1.039
=2.41

* 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 2.41 mean?
Spec Products (ROCO:7718) has a Dividend Payout Ratio of 2.41 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Spec Products and its competitors. This is 230% above median its historical median of 0.73. Over the past decade, Spec Products' Dividend Payout Ratio has ranged from 0.45 to 0.97. According to the industry distribution chart, Spec Products ranks #1047 out of 1715 companies in the Industrial Products industry, placing it in the top 61%.
Is Spec Products' Dividend Payout Ratio too high?
Spec Products' current Dividend Payout Ratio of 2.41 is 230% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.97. The Industrial Products industry median Dividend Payout Ratio is 0.35. Spec Products' value of 2.41 is 588.6% above this industry median. Based on the distribution chart, Spec Products ranks #1047 out of 1715 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Spec Products has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Spec Products' Dividend Payout Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Spec Products ranks #1047 out of 1715 companies for Dividend Payout Ratio. This places Spec Products in the lower half of its industry. The industry median Dividend Payout Ratio is 0.35. Spec Products' value of 2.41 is 588.6% above this benchmark. Historically, Spec Products' own Dividend Payout Ratio has ranged from 0.45 to 0.97 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.35, Spec Products 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 an Industrial Products company?
The median Dividend Payout Ratio among Industrial Products companies is 0.35, based on 1,715 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. Spec Products's current Dividend Payout Ratio of 2.41 is 588.6% 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 Spec Products and its competitors. For the Industrial Products industry, the median Dividend Payout Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spec Products's current Dividend Payout Ratio is 2.41, which is 230% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spec Products stock overvalued right now?
Spec Products (ROCO:7718) has a current Dividend Payout Ratio of 2.41. The current Dividend Payout Ratio is 2.41, which is 230% above median its 10-year median of 0.73 and 588.6% above the Industrial Products industry median of 0.35. Spec Products' overall GF Score™ is 52/100 with 2 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 Spec Products (ROCO:7718), the current Dividend Payout Ratio is 2.41 as of Jun. 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.

Spec Products Business Description

Address 9th Floor.-4, No. 358, Section 1, Dongmen Road, East District, Tainan, TWN, 701002
Spec Products Corp is engaged in the manufacture of screws and nuts, wholesale of metalware, and international trade. Its product patents includes Nordic Bolt & Nut (Wedge Locking Fastener), Spec Locking Washer, Aluminum H.T Processes and some assembly devices, etc.
52GF Score

Get the complete analysis for ROCO:7718

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

NT$47.15
Price