Space dividend yield – Space Co Ltd Announces 18.0 Cash Dividend
June 12, 2023
🌥️Dividends Yield
Space ($TSE:9622) Co Ltd has announced an 18.0 Cash Dividend on June 1 2023, marking the third consecutive annual dividend per share of 36.0 JPY. The expected dividend yields from 2021 to 2023 are 3.86%, 3.86%, and 4.22%, respectively, with an average dividend yield of 3.98%. This means that if you are interested in dividend stocks, it is worth considering adding SPACE to your list, with an ex-dividend date of June 29, 2023.
This dividend offer could be a great opportunity to reap a return on your investment in this company. Those who have invested in SPACE can soon expect to receive a generous payout from their investment.
Market Price
At the same time, the stock opened at JP¥1006.0 and closed at JP¥1002.0, down by 1.0% from the prior closing price of 1012.0. This announcement reflects Space Co Ltd’s commitment to rewarding investors while maintaining a healthy balance sheet. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Space. More…
| Total Revenues | Net Income | Net Margin |
| 49.92k | 1.83k | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Space. More…
| Operations | Investing | Financing |
| -29.79 | -82.08 | -1.01k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Space. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37.72k | 7.93k | 1.21k |
Key Ratios Snapshot
Some of the financial key ratios for Space are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | -3.2% | 5.6% |
| FCF Margin | ROE | ROA |
| -0.2% | 5.9% | 4.6% |
Analysis
GoodWhale conducted an analysis of SPACE’s fundamental performance, and based on its Star Chart, SPACE has earned a high health score of 8/10. We determined that the company is capable of safely riding out any crisis without the risk of bankruptcy due to its strong cash flows and debt-to-equity ratio. Additionally, SPACE has been classified as a “rhino”, a type of company that we have concluded has achieved moderate revenue or earnings growth. Given these fundamentals, SPACE is ideally suited for investors who prioritize asset strength and dividend yield over potential for rapid growth. GoodWhale’s analysis indicates that SPACE is strong in asset and dividend, medium in profitability, and weak in terms of growth. We believe that such an investment strategy may be attractive to value investors who look to achieve steady returns over the long term. Space_Co_Ltd_Announces_18.0_Cash_Dividend”>More…
Peers
Space Co Ltd is in a fiercely competitive environment with LingNan Eco & Culture-Tourism Co Ltd, NOMURA Co Ltd and Hangzhou Landscape Architecture Design Institute Co Ltd all vying for market share. With every company striving to deliver the best products and services to customers, Space Co Ltd is under pressure to stay ahead of its competitors.
– LingNan Eco & Culture-Tourism Co Ltd ($SZSE:002717)
LingNan Eco & Culture-Tourism Co Ltd is a Chinese travel and tourism company that specializes in eco-tourism and cultural experiences. The company has a market cap of 5.19B as of 2023, which is indicative of the company’s growing presence in the industry. Its Return on Equity (ROE) of -2.64% is a sign that the company is not faring well financially. This could likely be attributed to the fact that the tourism industry has been hit hard by the COVID-19 pandemic. Despite this, LingNan Eco & Culture-Tourism Co Ltd has remained a strong contender in the market and looks forward to a promising future.
– NOMURA Co Ltd ($TSE:9716)
Nomura Co Ltd is a leading financial services group based in Japan. It is a full-service global investment bank, securities and asset management firm, providing a broad range of financial products and services to both individuals and corporations. As of 2023, Nomura’s market cap stands at 102.53B, making it one of the largest players in the industry. Its Return on Equity (ROE) of 7.72% shows that the company is performing well and is highly profitable. This indicates that investors are confident in the company’s ability to generate returns.
– Hangzhou Landscape Architecture Design Institute Co Ltd ($SZSE:300649)
Hangzhou Landscape Architecture Design Institute Co Ltd is a Chinese company that specializes in landscape architecture and design. In 2023, it had a market capitalization of 2.58 billion US dollars and a Return on Equity (ROE) of 4.14%. This indicates that the company is a reliable and well-managed organization, which has been able to generate significant value for its shareholders. Its market capitalization is also a testament to its success in the landscape architecture and design industry, as it is one of the largest companies in the sector. The company’s ROE suggests that it is able to efficiently allocate its resources, as it is able to generate a healthy return on its equity investments.
Summary
Investing in SPACE is a great way to build long-term wealth. Over the last three years, SPACE has offered an impressive annual dividend per share of 36.0 JPY. This dividend yield is projected to remain steady for 2021 and 2022, at 3.86%, followed by a slight increase to 4.22% in 2023. This adds up to an average dividend yield of 3.98%, which is a great return on investment for investors looking to benefit from consistent returns over time.
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