Hokuetsu Corporation dividend – Hokuetsu Corporation Declares 9.0 Cash Dividend
March 25, 2023
Dividends Yield
On March 2 2023, Hokuetsu Corporation ($TSE:3865) declared a 9.0 cash dividend for the current fiscal year. If you are interested in dividend stocks, HOKUETSU CORPORATION might be worth considering. According to their financial reports, the corporation has issued an annual dividend per share of 16.0, 14.0, and 14.0 JPY for the past three years. This gives an impressive dividend yield from 2021 to 2023 of 2.6%, 2.46%, and 3.56%, with an average dividend yield of 2.87%.
The ex-dividend date for this dividend is March 30 2023, so it’s important to note this date if you wish to receive the dividend. With a solid track record of dividend payments, Hokuetsu Corporation is a great choice for anyone looking to invest in dividend stocks.
Stock Price
The stock opened at JP¥827.0 and closed at JP¥827.0, a 1.2% increase from the previous closing price of 817.0. This dividend is the company’s way of rewarding its investors for their loyalty and support. The board believes this move will be beneficial to the long-term growth of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hokuetsu Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 283.33k | 2.55k | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hokuetsu Corporation. More…
| Operations | Investing | Financing |
| 4.92k | -1.65k | -19.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hokuetsu Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 401.31k | 179.74k | 1.31k |
Key Ratios Snapshot
Some of the financial key ratios for Hokuetsu Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | -3.8% | 2.7% |
| FCF Margin | ROE | ROA |
| -2.9% | 2.1% | 1.2% |
Analysis
We at GoodWhale recently conducted an analysis of HOKUETSU CORPORATION‘s wellbeing. We believe that based on our Risk Rating, HOKUETSU CORPORATION is a medium risk investment in terms of financial and business aspects. In our research, we have detected two risk warnings in the income sheet and balance sheet that investors should be aware of. If you would like to find out more about our findings, please register with us and we’ll be more than happy to share our results with you. More…
Peers
The competition between Hokuetsu Corp and its competitors is fierce, with Hangzhou Huawang New Material Technology Co Ltd, Guangdong Guanhao High-Tech Co Ltd, and Kushal Ltd all vying for market share in the same sector. With innovative products and services being offered by each of these companies, Hokuetsu Corp must stay ahead of the competition in order to remain successful and maintain its competitive advantage.
– Hangzhou Huawang New Material Technology Co Ltd ($SHSE:605377)
Hangzhou Huawang New Material Technology Co Ltd is a high-tech enterprise that specializes in the production and research and development of new materials, including polycarbonates, polyolefins, polyurethanes, polyvinyl acetates, polyols and polyacrylates. The company has a market cap of 6.88 billion as of 2023, which makes it one of the larger players in the industry. The company has also achieved impressive returns on equity of 9.44%, indicating strong profitability and a healthy financial position.
– Guangdong Guanhao High-Tech Co Ltd ($SHSE:600433)
Guangdong Guanhao High-Tech Co Ltd is a leading Chinese technology company specializing in the manufacturing and distribution of electronic products. As of 2023, it has a market capitalization of 8.26B, making it one of the largest technology firms in China. In addition, its Return on Equity (ROE) stands at 6.42%, reflecting a strong performance in terms of returns for shareholders. This indicates that the company is generating strong value for its investors and positioning itself as one of the premier technology firms in the region.
– Kushal Ltd ($BSE:536170)
Kushal Ltd is a multinational company that provides engineering and industrial services to the oil and gas industry. The company has a market capitalization of 554.46M as of 2023, making it one of the largest industrial companies in the world. The company has also reported a Return on Equity (ROE) of -0.35%, indicating that the company is not generating a positive return on its investments. This can be attributed to the lower prices of oil and gas in recent years, which have adversely affected the industry as a whole. Despite these challenges, Kushal Ltd remains an industry leader with its strong customer base and commitment to providing high-quality services.
Summary
Hokuetsu Corporation is an attractive investment opportunity for those seeking dividend stocks. It has consistently paid an annual dividend per share of 16.0, 14.0, and 14.0 JPY over the past three years, with estimates of 2.6%, 2.46%, and 3.56% dividend yields from 2021 to 2023 respectively. The average dividend yield of the company stands at 2.87%. Hokuetsu Corporation stock is worth considering for those looking for long-term investment opportunities with steady income in the form of dividends.
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