Reward Wool Industry (TPE:1423) Dividend Payout Ratio: 13.90 (As of Jun. 2026) — 1068% 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.

TPE:1423 Reward Wool Industry Corp TPE:1423
68 GF Score
Price NT$35.20
GF Value NT$31.27
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Reward Wool Industry Dividend Payout Ratio?

Reward Wool Industry TPE:1423 +0.57% 68 Dividend Payout Ratio is 13.90 as of Jun. 2026, which is 1068% above its 10-year median of 1.19. GuruFocus rates TPE:1423 with a GF Score™ of 68/100 and a GF Value™ of NT$31.27 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 426 Manufacturing - Apparel & Accessories companies, Reward Wool Industry ranks worse than 86.15% 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. Reward Wool Industry's Dividend Payout Ratio for the months ended in Jun. 2026 was 13.90.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Reward Wool Industry Corp is 1.07, which seems too high.

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

TPE:1423' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05   Med: 1.19   Max: 5.4
Current: 1.07

During the past 13 years, the highest Dividend Payout Ratio of Reward Wool Industry was 5.40. The lowest was 0.05. And the median was 1.19.

TPE:1423's Dividend Payout Ratio is ranked worse than
86.15% of 426 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.405 vs TPE:1423: 1.07

As of today (2026-08-25), the Dividend Yield % of Reward Wool Industry is 10.29%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Reward Wool Industry was 10.53%. The lowest was 0.54%. And the median was 3.56%.

Reward Wool Industry's Dividends per Share for the months ended in Jun. 2026 was NT$3.60.

During the past 12 months, Reward Wool Industry's average Dividends Per Share Growth Rate was 157.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -8.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Reward Wool Industry was 164.20% per year. The lowest was -37.90% per year. And the median was -8.40% 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.

Reward Wool Industry (TPE:1423) 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.

Reward Wool Industry Dividend Payout Ratio Related Terms

Reward Wool Industry Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Reward Wool Industry'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.

Reward Wool Industry Dividend Payout Ratio Chart

Reward Wool Industry Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.97 5.40 0.74 0.19

Reward Wool Industry Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 0.00 0.00 0.00 13.90

Reward Wool Industry Dividend Payout Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Reward Wool Industry'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.

Reward Wool Industry Dividend Payout Ratio vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Reward Wool Industry's Dividend Payout Ratio falls into.


TPE:1423
68GF Score
Reward Wool Industry Corp TPE:1423
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reward Wool Industry 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.

Reward Wool Industry'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 )
=0.8/ 4.33
=0.18

Reward Wool Industry'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 )
=3.6/ 0.259
=13.90

* 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 13.90 mean?
Reward Wool Industry (TPE:1423) has a Dividend Payout Ratio of 13.90 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Reward Wool Industry and its competitors. This is 1068% above median its historical median of 1.19. Over the past decade, Reward Wool Industry's Dividend Payout Ratio has ranged from 0.05 to 5.40. According to the industry distribution chart, Reward Wool Industry ranks #367 out of 426 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 86.2%.
Is Reward Wool Industry's Dividend Payout Ratio too high?
Reward Wool Industry's current Dividend Payout Ratio of 13.90 is 1068% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 5.40. The Manufacturing - Apparel & Accessories industry median Dividend Payout Ratio is 0.41. Reward Wool Industry's value of 13.90 is 3332.1% above this industry median. Based on the distribution chart, Reward Wool Industry ranks #367 out of 426 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Reward Wool Industry has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reward Wool Industry's Dividend Payout Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Reward Wool Industry ranks #367 out of 426 companies for Dividend Payout Ratio. This places Reward Wool Industry in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Reward Wool Industry's value of 13.90 is 3332.1% above this benchmark. Historically, Reward Wool Industry's own Dividend Payout Ratio has ranged from 0.05 to 5.40 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.41, Reward Wool Industry 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 0.41, based on 426 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. Reward Wool Industry's current Dividend Payout Ratio of 13.90 is 3332.1% 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 Reward Wool Industry and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reward Wool Industry's current Dividend Payout Ratio is 13.90, which is 1068% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reward Wool Industry stock overvalued right now?
Based on GuruFocus' analysis, Reward Wool Industry (TPE:1423) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.27, compared to a current price of NT$35.20 — trading 12.6% above its estimated fair value. The current Dividend Payout Ratio is 13.90, which is 1068% above median its 10-year median of 1.19 and 3332.1% above the Manufacturing - Apparel & Accessories industry median of 0.41. Reward Wool Industry's overall GF Score™ is 68/100 with 4 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 Reward Wool Industry (TPE:1423), the current Dividend Payout Ratio is 13.90 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.

Is Reward Wool Industry (TPE:1423) Overvalued in 2026?

Based on GuruFocus' analysis, Reward Wool Industry stock appears to be overvalued. The current stock price of NT$35.20 is trading 12.6% above its estimated GF Value™ of NT$31.27. GuruFocus considers Reward Wool Industry to be Modestly Overvalued.

Key valuation signals for TPE:1423:

  • Dividend Payout Ratio: 13.90 (1068% above median its 10-year median of 1.19)
  • GF Value™: NT$31.27 vs. price of NT$35.20 (12.6% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 3332.1% above the Manufacturing - Apparel & Accessories median (#367 of 426)

No single metric tells the full story. See the TPE:1423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Reward Wool Industry Business Description

Address No. 310, Zhongxiao East Road, Section 4, 12th Floor, Kuang Fu Building, Taipei, TWN, 106
Reward Wool Industry Corp operates in the textile manufacturing industry. The company is engaged in the manufacturing and sales of wool tops (including carbonized noil), other special processing tops for shrink-proof, dyeing, and finishing, and import and export of related businesses. Geographically, the company derives its key revenue from its business in Taiwan and the rest from Japan, Korea, and other regions.
68GF Score

Get the complete analysis for TPE:1423

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

NT$35.20
Price
NT$31.27
GF Value