Heiwa Paper CoTSE:9929 +0.86%70 Dividend Yield % is 2.59% as of Jul. 11, 2026, which is 8% above its 10-year median of 2.40. GuruFocus rates TSE:9929 with a GF Score™ of 70/100 and a GF Value™ of 円437.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 141 Forest Products companies, Heiwa Paper Co ranks worse than 51.77% on this metric.
As of today (2026-07-11), the Trailing Annual Dividend Yield of Heiwa Paper Co is 2.59%.
Good Sign:
Heiwa Paper Co Ltd stock Dividend Yield % is close to 10-year high.
The historical rank and industry rank for Heiwa Paper Co's Dividend Yield % or its related term are showing as below:
TSE:9929'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.09 Med: 2.4 Max: 2.83
Current: 2.59
During the past 13 years, the highest Dividend Yield of Heiwa Paper Co was 2.83%. The lowest was 1.09%. And the median was 2.40%.
TSE:9929's Dividend Yield % is ranked worse than 51.77% of 141
companies
in the Forest Products industry
Industry Median: 2.72
vs TSE:9929: 2.59
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Heiwa Paper Co Ltd is 1.32, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Heiwa Paper Co was 1.35. The lowest was 0.38. And the median was 0.81.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 15.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 2.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Heiwa Paper Co was 33.90% per year. The lowest was -20.60% per year. And the median was 0.00% 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.
Heiwa Paper Co (TSE:9929) Dividend Yield % Explanation
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.
The historical data trend for Heiwa Paper Co's Dividend Yield % 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.
Heiwa Paper Co Dividend Yield % Competitor Comparison
For the Paper & Paper Products subindustry, Heiwa Paper Co'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.
Heiwa Paper Co Dividend Yield % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Heiwa Paper Co's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Heiwa Paper Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 6.000000
2026-03-30
2026-03-31
2026-06-26
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 6.000000
2025-09-29
2025-09-30
2025-12-01
Cash Dividend
semi-annually
JPY:JPY 1.000000
* 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.
Heiwa Paper Co's Trailing Annual Dividend Yield (%) for Today is calculated as
* 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.
Heiwa Paper Co (TSE:9929) has a Dividend Yield % of 2.59% as of Jul. 11, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Heiwa Paper Co and its competitors. This is near median its historical median of 2.40. Over the past decade, Heiwa Paper Co's Dividend Yield % has ranged from 1.09 to 2.83. According to the industry distribution chart, Heiwa Paper Co ranks #73 out of 141 companies in the Forest Products industry, placing it in the top 51.8%.
Is Heiwa Paper Co's Dividend Yield % too high?
Heiwa Paper Co's current Dividend Yield % of 2.59% is near median its 10-year median of 2.40. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 2.83. The Forest Products industry median Dividend Yield % is 2.72. Heiwa Paper Co's value of 2.59% is 4.8% below this industry median. Based on the distribution chart, Heiwa Paper Co ranks #73 out of 141 companies in the Forest Products industry, which is below the industry midpoint. Overall, Heiwa Paper Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's Dividend Yield % compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #73 out of 141 companies for Dividend Yield %. This places Heiwa Paper Co in the lower half of its industry. The industry median Dividend Yield % is 2.72. Heiwa Paper Co's value of 2.59% is 4.8% below this benchmark. Historically, Heiwa Paper Co's own Dividend Yield % has ranged from 1.09 to 2.83 over the past decade. While the company's 10-year median is 2.40 vs. the industry median of 2.72, Heiwa Paper Co has consistently been below 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 Yield % for a Forest Products company?
The median Dividend Yield % among Forest Products companies is 2.72, based on 141 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Paper Co's current Dividend Yield % of 2.59% is 4.8% below 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Heiwa Paper Co and its competitors. For the Forest Products industry, the median Dividend Yield % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current Dividend Yield % is 2.59%, which is near median its own 10-year median of 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.78, compared to a current price of 円467.00 — trading 6.7% above its estimated fair value. The current Dividend Yield % is 2.59%, which is near median its 10-year median of 2.40 and 4.8% below the Forest Products industry median of 2.72. Heiwa Paper Co's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Heiwa Paper Co (TSE:9929), the current Dividend Yield % is 2.59% as of Jul. 11, 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 Heiwa Paper Co (TSE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued.
The current stock price of 円467.00 is trading 6.7% above its estimated GF Value™ of 円437.78.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
Dividend Yield %: 2.59% (near median its 10-year median of 2.40)
GF Value™: 円437.78 vs. price of 円467.00 (6.7% above fair value)
Industry Position: 4.8% below the Forest Products median (#73 of 141)
No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
70GF Score
Get the complete analysis for TSE:9929
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