If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sumitomo Rubber Industries Ltd is 1.55, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Sumitomo Rubber Industries was 1.71. The lowest was 0.20. And the median was 0.37.
During the past 12 months, Sumitomo Rubber Industries's average Dividends Per Share Growth Rate was 310.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 32.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -0.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -1.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Sumitomo Rubber Industries was 55.40% per year. The lowest was -26.30% per year. And the median was 11.20% 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.
Sumitomo Rubber Industries Dividend Yield % Historical Data
* 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.
Competitive Comparison of Sumitomo Rubber Industries's Dividend Yield %
For the Auto Parts subindustry, Sumitomo Rubber Industries's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Sumitomo Rubber Industries's Dividend Yield % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Rubber Industries's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Sumitomo Rubber Industries's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Sumitomo Rubber Industries Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 29.000000
2024-06-27
2024-06-30
2024-09-05
Cash Dividend
semi-annually
JPY:EUR 0.005775
JPY 53.000000
2023-12-28
2023-12-31
2024-03-29
Cash Dividend
semi-annually
JPY:EUR 0.006502
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
Sumitomo Rubber Industries Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Sumitomo Rubber Industries's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sumitomo Rubber Industries Ltd makes and sells rubber tires, sports equipment, and other products in three segments based on product type. The tire segment, which generates the majority of revenue, sells rubber tires for automobiles and motorcycles under the Dunlop and Falken brand names. The sports segment sells golf, tennis, and fitness equipment under the Srixon, XXIO, Cleveland, and Dunlop brand names. The industrial and other products segment sells rubber parts for printers, artificial turf for sporting use, floor coating materials, portable ramps, gloves, tubes, and valves. More revenue comes from Japan than any other region.
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