Tochigi Bank dividend – Tochigi Bank Ltd. Declares 3.0 Cash Dividend
March 26, 2023
Dividends Yield
On March 1 2023, Tochigi Bank ($TSE:8550) Ltd. declared a 3.0 cash dividend. This news follows the company’s three years of payouts per share of 6.0 JPY, 5.5 JPY, and 5.0 JPY respectively, resulting in an average dividend yield of 3.06%. As such, TOCHIGI BANK offers an attractive yield for those looking for dividend stocks. The ex-dividend date for this dividend will take place on March 30, 2023. Investors should consider that dividends are not guaranteed, and there is no assurance that the company will continue to pay out dividends at the same rate in the future.
However, for those who have been keeping an eye on TOCHIGI BANK, this announcement of a 3.0 cash dividend may be an attractive option to add to their portfolio.
Price History
The stock opened at JP¥333.0 and closed at JP¥347.0, representing an increase of 4.2% from the previous closing price of JP¥333.0. This announcement came as a pleasant surprise to the market, as it marks the highest dividend payout by the company in the past three years. This move is expected to further strengthen the confidence of its investors and attract new shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tochigi Bank. More…
| Total Revenues | Net Income | Net Margin |
| – | 3.92k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tochigi Bank. More…
| Operations | Investing | Financing |
| 279.58k | -42.96k | -545 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tochigi Bank. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.33M | 3.18M | – |
Key Ratios Snapshot
Some of the financial key ratios for Tochigi Bank are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Tochigi Bank Intrinsic Value Calculator
At GoodWhale, we have conducted a detailed analysis of TOCHIGI BANK‘s fundamentals. According to our proprietary Valuation Line, the fair value of TOCHIGI BANK’s stock is around JP¥233.5. However, the stock is currently being traded at JP¥347.0, which is overvalued by 48.6%. This indicates that the current market price may not be reflective of the true value of TOCHIGI BANK’s stock. More…
Peers
Tochigi Bank Ltd is up against the likes of ACNB Corp, Joint Stock Commercial Bank for Investment and Development of Vietnam, and Caisse Regionale du Credit Agricole Mutuel du Languedoc, each vying for a spot in the ever-changing landscape of modern banking. With each company offering different products and services, the competition is steep and the stakes are high.
– ACNB Corp ($NASDAQ:ACNB)
ACNB Corp is a financial services holding company based in Gettysburg, Pennsylvania. It is publicly traded on the NASDAQ Global Select Market and has a market capitalization of 271.63M as of 2023. ACNB Corp offers a wide range of banking, insurance and financial services through its subsidiaries, which include ACNB Bank, Adams County National Bank and Bank of Hanover. The company operates in Pennsylvania, Maryland and West Virginia, providing services such as consumer banking, corporate banking, home financing, online banking, and insurance services. ACNB Corp is dedicated to providing superior customer service and value to their customers through their strong commitment to innovation, technology, and financial services.
– Joint Stock Commercial Bank for Investment and Development of Vietnam ($HOSE:BID)
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is the largest commercial bank in Vietnam with a market capitalization of 230.42T as of 2023. The company provides banking and financial services, including deposits, loans, corporate banking, financing, payments, foreign exchange and capital markets services. BIDV also has a range of other services such as insurance, asset management, financial leasing and trust services. BIDV has been able to maintain its market capitalization through its strong financial performance, with assets growing more than 10% annually for the past several years. It is well positioned to benefit from Vietnam’s growing economy, as it is one of the country’s most established financial institutions.
– Caisse Regionale du Credit Agricole Mutuel du Languedoc ($LTS:0IJ7)
Caisse Regionale du Credit Agricole Mutuel du Languedoc is a French cooperative banking group with a market cap of 944.23M as of 2023. The Credit Agricole Group serves over 25 million clients through its network of 11,000 branches across France. As one of the largest banking groups in Europe, the Credit Agricole Group provides its customers with a full range of services such as Retail Banking, Corporate and Investment Banking, Investment Solutions & Asset Management, Life and Non-Life Insurance, and Consumer Credit. The group also offers innovative services such as its mobile banking application, FastPay, and an online platform for businesses to access working capital.
Summary
Investing in TOCHIGI BANK may be a good choice for those looking for stocks with a strong dividend yield. The bank has consistently paid out annual dividends per share for the past three years, with yields ranging from 2.91% to 3.16%. This averages out to a dividend yield of 3.06%, which is higher than the market average. TOCHIGI BANK may be a good option for dividend-seeking investors.
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