Nippon Steel (STU:NPS) Dividend Payout Ratio: 1.86 (As of Mar. 2026) — 589% Above Median


STU:NPS Nippon Steel Corp STU:NPS
65 GF Score
Price €2.96
GF Value €4.55
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Nippon Steel Dividend Payout Ratio?

Nippon Steel STU:NPS +0.41% 65 Dividend Payout Ratio is 1.86 as of Mar. 2026, which is 589% above its 10-year median of 0.27. GuruFocus rates STU:NPS with a GF Score™ of 65/100 and a GF Value™ of €4.55 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 271 Steel companies, Nippon Steel ranks worse than 94.1% 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. Nippon Steel's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.86.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nippon Steel Corp is 2.09, which seems too high.

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

STU:NPS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.27   Max: 2.09
Current: 0.7

During the past 13 years, the highest Dividend Payout Ratio of Nippon Steel was 2.09. The lowest was 0.22. And the median was 0.27.

STU:NPS's Dividend Payout Ratio is ranked worse than
94.1% of 271 companies
in the Steel industry
Industry Median: 0.39 vs STU:NPS: 0.70

As of today (2026-07-04), the Dividend Yield % of Nippon Steel is 4.45%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nippon Steel was 16.90%. The lowest was 0.43%. And the median was 4.44%.

Nippon Steel's Dividends per Share for the months ended in Mar. 2026 was €0.07.

During the past 12 months, Nippon Steel's average Dividends Per Share Growth Rate was 125.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 26.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 66.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nippon Steel was 215.80% per year. The lowest was -47.70% per year. And the median was 4.20% 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.

Nippon Steel (STU:NPS) 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.

Nippon Steel Dividend Payout Ratio Related Terms

Nippon Steel Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nippon Steel'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.

Nippon Steel Dividend Payout Ratio Chart

Nippon Steel 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 0.22 0.26 0.27 0.37 0.70

Nippon Steel 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 0.96 0.00 0.77 0.00 1.86

STU:NPS vs NUE, STLD, RS: Dividend Payout Ratio Comparison

For the Steel subindustry, Nippon Steel'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 Steel Dividend Payout Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Nippon Steel's Dividend Payout Ratio distribution charts can be found below:

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


STU:NPS
65GF Score
Nippon Steel Corp STU:NPS
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Steel 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.

Nippon Steel'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 )
=0.131/ 0.188
=0.70

Nippon Steel'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 )
=0.065/ 0.035
=1.86

* 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 1.86 mean?
Nippon Steel (STU:NPS) has a Dividend Payout Ratio of 1.86 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nippon Steel and its competitors. This is 589% above median its historical median of 0.27. Over the past decade, Nippon Steel's Dividend Payout Ratio has ranged from 0.22 to 2.09. According to the industry distribution chart, Nippon Steel ranks #255 out of 271 companies in the Steel industry, placing it in the top 94.1%.
Is Nippon Steel's Dividend Payout Ratio too high?
Nippon Steel's current Dividend Payout Ratio of 1.86 is 589% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.09. The Steel industry median Dividend Payout Ratio is 0.39. Nippon Steel's value of 1.86 is 376.9% above this industry median. Based on the distribution chart, Nippon Steel ranks #255 out of 271 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Nippon Steel has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's Dividend Payout Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Steel ranks #255 out of 271 companies for Dividend Payout Ratio. This places Nippon Steel in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Nippon Steel's value of 1.86 is 376.9% above this benchmark. Historically, Nippon Steel's own Dividend Payout Ratio has ranged from 0.22 to 2.09 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.39, Nippon Steel 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 Steel company?
The median Dividend Payout Ratio among Steel companies is 0.39, based on 271 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. Nippon Steel's current Dividend Payout Ratio of 1.86 is 376.9% 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 Nippon Steel and its competitors. For the Steel industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Steel's current Dividend Payout Ratio is 1.86, which is 589% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Steel stock overvalued right now?
Based on GuruFocus' analysis, Nippon Steel (STU:NPS) is currently considered Possible Value Trap. The stock's GF Value™ is €4.55, compared to a current price of €2.96 — trading 35% below its estimated fair value. The current Dividend Payout Ratio is 1.86, which is 589% above median its 10-year median of 0.27 and 376.9% above the Steel industry median of 0.39. Nippon Steel's overall GF Score™ is 65/100 with 8 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 Nippon Steel (STU:NPS), the current Dividend Payout Ratio is 1.86 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 Nippon Steel (STU:NPS) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued. The current stock price of €2.96 is trading 35% below its estimated GF Value™ of €4.55. GuruFocus considers Nippon Steel to be Possible Value Trap.

Key valuation signals for STU:NPS:

  • Dividend Payout Ratio: 1.86 (589% above median its 10-year median of 0.27)
  • GF Value™: €4.55 vs. price of €2.96 (35% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 376.9% above the Steel median (#255 of 271)

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

Nippon Steel Business Description

Address 2-6-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8071
Nippon Steel Corp is mainly engaged in the steel manufacturing business, engineering business, chemical & material business, and system solution business. The company operates through four business segments. The Chemicals & Materials segment manufactures and sells coal chemicals, petrochemicals, electronic materials, semiconductors, carbon fibers, composites, and processed metal products. The Engineering segment handles industrial machinery, steel structures, construction contracting, waste disposal, recycling, and energy supply. The Steel segment focuses on the production and sale of steel products. The System Solutions segment provides IT consulting, outsourcing, and related services. It generates the majority of its revenue from the Steel segment.
65GF Score

Get the complete analysis for STU:NPS

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

€2.96
Price
€4.55
GF Value