Meitec Corporation stock dividend – Meitec Corp Declares 45.0 Cash Dividend
March 19, 2023
Dividends Yield
On March 2 2023, MEITEC CORPORATION ($TSE:9744) announced that they will be issuing a cash dividend of 45.0 JPY per share. This is the fourth consecutive year they have issued an annual dividend. MEITEC CORPORATION has issued dividends of 85.33, 72.5, and 55.67 JPY per share respectively over the past three years, and a dividend yield of 4.18%, 3.72%, and 3.31% for 2021 to 2023 respectively, with an average dividend yield of 3.74%. This makes MEITEC CORPORATION a great option for investors looking for dividend stocks.
The ex-dividend date of the cash dividend is March 30th 2023, meaning anyone who buys the stock before this date will be eligible to receive the dividend. MEITEC CORPORATION is a reliable and stable company that investors can trust to deliver dividends each year.
Stock Price
This dividend was based on the company’s closing stock price of JP¥2403.0, which had decreased by 1.3% from the previous closing price of JP¥2435.0. The dividend marks the eleventh consecutive time that MEITEC CORPORATION has paid out a dividend to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Meitec Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 116.9k | 11.24k | 9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Meitec Corporation. More…
| Operations | Investing | Financing |
| 12.52k | -270 | -8.69k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Meitec Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 77.46k | 33.4k | 554.25 |
Key Ratios Snapshot
Some of the financial key ratios for Meitec Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | 8.6% | 13.4% |
| FCF Margin | ROE | ROA |
| 10.4% | 21.5% | 12.6% |
Analysis
GoodWhale has conducted an analysis of MEITEC CORPORATION‘s wellbeing. Our risk rating places MEITEC CORPORATION at a medium risk level in terms of financial and business aspects. We have detected two risk warnings in the company’s income sheet and balance sheet. If you would like to get a closer look at these risks, we recommend you register with us. Our detailed analysis allows you to make informed decisions when it comes to investing in MEITEC CORPORATION. More…
Peers
They face competition from companies such as Zhongyan Technology Co Ltd, Mold-Tek Technologies Ltd, and Persol Holdings Co Ltd, all of whom are established players in the Japanese technology industry.
– Zhongyan Technology Co Ltd ($SZSE:003001)
Zhongyan Technology Co Ltd is a Chinese company that develops and manufactures electronics products and systems for use in various industries. The company has a market cap of 2.04B as of 2023, which reflects the current value of the firm’s outstanding shares. The firm’s Return on Equity (ROE) stands at -0.59%, which indicates that the company is not generating enough profits to cover its equity base. This could be due to high overhead costs or a lack of revenues. The company’s long-term sustainability could be improved by focusing on cost-cutting initiatives and developing new products that can generate higher revenues.
– Mold-Tek Technologies Ltd ($BSE:526263)
Mold-Tek Technologies Ltd is a leading technology solutions provider in India. It provides integrated solutions in the areas of enterprise resource planning, business intelligence, infrastructure management, and cloud computing. The company has a market cap of 5.32B as of 2023 and a Return on Equity of 24.05%. This shows that Mold-Tek Technologies Ltd has been able to generate significant returns on its equity investments, demonstrating its financial strength. The company’s strong financial performance is also reflected in its market capitalization, which is one of the highest among its peers. Mold-Tek Technologies Ltd has been successful in providing innovative solutions to its customers and delivering value to its shareholders.
– Persol Holdings Co Ltd ($TSE:2181)
Persol Holdings Co Ltd is a global professional services and IT consulting firm, focusing on providing innovative solutions to clients in a range of industries. As of 2023, the company has a market capitalization of 663.76B, indicating a large and successful enterprise. The company’s return on equity of 17.72% demonstrates the potential for continued growth and success in the future. This high rate of return on equity indicates that the company is able to generate a high rate of return on its investments, highlighting the value of the company’s investments for its shareholders and stakeholders.
Summary
MEITEC CORPORATION has been providing investors with attractive dividend returns over the past three years. Its average dividend yield of 3.74% is among the highest in the market, offering a higher return on investment than many other competing companies. Investors should take note of MEITEC’s consistent and reliable dividend payments, as well as its potential for growth in the long-term. With its strong fundamentals, strong cash flow, and positive outlook, MEITEC is an attractive choice for investors who are looking for a steady source of income and long-term capital appreciation.
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