Nic Autotec stock dividend – NIC Autotec Announces 21.0 Cash Dividend
March 27, 2023
Dividends Yield
On March 1, 2023, NIC ($TSE:5742) Autotec Inc. announced a 21.0 cash dividend. This makes it an attractive option for investors looking for dividend stocks, as the average dividend yield over the past three years (2021-2023) has been 5.01%, with an annual dividend per share of 41.0 JPY. The dividend yields in each of these years were 4.84%, 4.48%, and 5.71%. The ex-dividend date for this dividend is set on March 30, 2023. NIC Autotec Inc. is one of the leading technology, automotive and energy companies in Japan, with a long history of providing quality products to its customers.
This dividend is testament to their commitment to rewarding their shareholders for their loyalty. The company’s stock performance has been strong, and the dividend yield is attractive for those looking for an income stream from their investments. With the ex-dividend date set for March 30, 2023, investors have ample time to decide if this is a sound investment opportunity.
Price History
The announcement saw the company’s stock open at JP¥805.0 and close at JP¥805.0, representing an increase of 0.1% on its prior closing price of JP¥804.0. The announcement provided a welcome boost to the stock and was welcomed by shareholders as a sign of the company’s financial strength and commitment to rewarding investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nic Autotec. More…
| Total Revenues | Net Income | Net Margin |
| 7.05k | 46.12 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nic Autotec. More…
| Operations | Investing | Financing |
| 583.6 | -376.59 | -672.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nic Autotec. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.3k | 3.92k | 803.57 |
Key Ratios Snapshot
Some of the financial key ratios for Nic Autotec are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | -53.4% | 0.9% |
| FCF Margin | ROE | ROA |
| 3.1% | 0.9% | 0.5% |
Analysis
At GoodWhale, we’ve conducted an analysis of NIC AUTOTEC‘s financials and have concluded that they are a medium risk investment in terms of their financial and business aspects. Upon further inspection, we have detected two risk warnings in the income sheet and balance sheet that may warrant further investigation. If you would like to learn more and are interested in taking a deeper look into NIC AUTOTEC’s financials, register on our website goodwhale.com and get access to detailed insights into their financial performance. More…
Peers
The automotive industry is an increasingly competitive field, and NIC Autotec Inc is no exception. It faces stiff competition from Xiamen Tungsten Co Ltd, Rasa Corp, and Gujarat Toolroom Ltd in providing cutting-edge automotive parts. These companies strive to outdo each other in providing the best products and services to the automotive industry.
– Xiamen Tungsten Co Ltd ($SHSE:600549)
Xiamen Tungsten Co Ltd is a Chinese-based company that specializes in the production and sale of tungsten and its derivatives. As of 2023, the company has a market capitalization of 29.43 billion, making it one of the largest tungsten producers in the world. Xiamen Tungsten Co Ltd has also achieved a Return on Equity of 18.89%, indicating that it is well-managed and a successful business. The company is well-positioned to capitalize on the continued demand for tungsten, particularly in the automotive and electronics industries.
– Rasa Corp ($TSE:3023)
Rasa Corp is a technology services and solutions provider that specializes in providing the highest quality products and services to its customers. Its strong financials, including a market capitalization of 16.81B and a Return on Equity of 10.4%, demonstrate the company’s success in achieving its objectives. Rasa Corp has a proven track record of success, and its market cap and ROE demonstrate its ability to generate revenue and manage its investments. The company prides itself on providing innovative solutions to its customers, thereby creating value for them. Additionally, Rasa Corp’s strong financials allow it to reinvest in its operations and expand into new markets.
– Gujarat Toolroom Ltd ($BSE:513337)
Gujarat Toolroom Ltd is a leading Indian engineering and manufacturing company providing precision and engineering services to customers in the aerospace, automotive, industrial and defence sectors. The company has a market capitalization of 530.54M as of 2023, and a Return on Equity (ROE) of 290.15%, which is quite impressive. This indicates that the company has been able to generate a high return on its invested capital. This strong performance is attributed to its focus on innovation, quality products and services, and customer satisfaction. Gujarat Toolroom Ltd’s success has been driven by its commitment to delivering superior products and services that meet its customers’ needs.
Summary
NIC AUTOTEC is an attractive option for dividend investors as it has consistently had a relatively high dividend yield over the past three years, averaging at 5.01%. In 2021, the dividend yield was 4.84%, followed by 4.48% in 2022 and 5.71% in 2023. Although the yield may fluctuate in the future, the overall trend of this company’s performance suggests that it is an attractive dividend stock and a viable investment option.
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