Tokyo Electron Device stock dividend – “Tokyo Electron Device Ltd Announces 165.0 Cash Dividend”.
March 13, 2023
Dividends Yield
On March 1st 2023, TOKYO ELECTRON DEVICE ($TSE:2760) Ltd announced a 165.0 cash dividend. This is the fourth consecutive year that the company has issued a dividend per share, making them a great option for investors looking for dividend stocks. Over the past three years, TOKYO ELECTRON DEVICE has issued dividends per share of 245.0 JPY, 205.0 JPY and 108.0 JPY, resulting in dividend yields of 4.94%, 4.13%, and 4.41% respectively.
This gives an average dividend yield of 4.49%. The ex-dividend date for 2023 is March 30th, making this a great opportunity for potential investors to take advantage of.
Market Price
On Wednesday, TOKYO ELECTRON DEVICE Ltd announced a cash dividend of 165.0. Following the announcement, the stock opened at JP¥8130.0 and closed at JP¥8240.0, up by 1.6% from the previous closing price of 8110.0. This dividend is indicative of the company’s positive financial performance, and has no doubt contributed to the stock’s surge. It is a significant cash dividend and investors can expect to benefit from it in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tokyo Electron Device. More…
| Total Revenues | Net Income | Net Margin |
| 227.91k | 7.09k | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tokyo Electron Device. More…
| Operations | Investing | Financing |
| -24.53k | -162 | 24.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tokyo Electron Device. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 145.07k | 108.93k | 3.49k |
Key Ratios Snapshot
Some of the financial key ratios for Tokyo Electron Device are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 64.7% | 6.1% |
| FCF Margin | ROE | ROA |
| -10.9% | 24.8% | 5.9% |
Analysis – Tokyo Electron Device Stock Fair Value Calculation
GoodWhale has conducted a deep analysis of the fundamentals of TOKYO ELECTRON DEVICE. Our proprietary Valuation Line reveals that the intrinsic value of TOKYO ELECTRON DEVICE’s share is around JP¥6653.4. Currently, the stock is traded at JP¥8240.0, which is a 23.8% overvaluation. This suggests that investors should reduce their exposure to TOKYO ELECTRON DEVICE shares, or diverge their investments to other stocks that offer better returns. More…
Peers
It is a leader in the industry, competing against several large companies such as Netronix Inc, Arrow Electronics Inc, and PC Connection Inc. TED’s products are renowned for their high quality and reliable service, making it a key player in the global electronics market.
– Netronix Inc ($TPEX:6143)
Netronix Inc is a global, leading designer and manufacturer of innovative, high-quality electronic products and solutions. The company has a market cap of 6.52 billion as of 2023, indicating a strong performance in the market. Its Return on Equity (ROE) is 16.65%, which is above the industry average and demonstrates the company’s successful management of its shareholders’ investments. Netronix Inc covers a wide range of product segments including industrial computing, medical diagnostic equipment, automotive components, embedded systems, and more. This diversity helps the company develop customer-specific solutions to meet customer needs.
– Arrow Electronics Inc ($NYSE:ARW)
Arrow Electronics Inc is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company has a market capitalization of 6.76B as of 2023, indicating the company’s size and value in the market. Arrow Electronics has a strong Return on Equity (ROE) of 23.97%, indicating a strong return on equity for shareholders. This is impressive for a company of its size and indicates Arrow Electronics is doing a good job at growing their profits and creating value for their shareholders.
– PC Connection Inc ($NASDAQ:CNXN)
Connection Inc. is a leading provider of technology solutions for business, healthcare, and education customers. The company’s market capitalization stands at 1.13 billion as of 2023, signifying the market’s confidence in its ability to generate value for shareholders. Connection Inc’s Return on Equity (ROE) of 9.9% indicates that the company has been able to efficiently deploy its equity to generate profits. The company has leveraged its expansive network of more than 1,400 stores and technology services to become a leader in the tech industry.
Summary
TOKYO ELECTRON DEVICE is an attractive option for dividend investors. Over the past three years, the company has issued annual dividend per share of 245.0 JPY, 205.0 JPY and 108.0 JPY respectively, resulting in an average dividend yield of 4.49%. This is considerably higher than the current market average, making it a highly attractive stock for dividend investors looking for steady returns. Furthermore, with a steadily growing dividend amount and steady yield, TOKYO ELECTRON DEVICE is an ideal long-term investment.
