Verite dividend – Verite Co Ltd Declares 10.05 Cash Dividend
June 8, 2023
🌥️Dividends Yield
Verite ($TSE:9904) Co Ltd recently declared a 10.05 JPY cash dividend on June 1, 2023. This dividend is of great interest to investors, as the company has shown an impressive record of providing dividends in the past 3 years. Verite has issued annual dividends per share of 17.1, 40.0, and 31.12 JPY over the period, yielding 4.0%, 9.24%, and 11.53%, respectively, for an average dividend yield of 8.26%. Those interested in acquiring VERITE stock should be aware of the ex-dividend date, as stock purchased after June 29th will not be eligible to receive the dividend.
Market Price
This dividend announcement marks a significant change in the company’s dividend policy and is expected to benefit existing shareholders. Investors that previously held VERITE stocks may be eligible to receive the dividend payment when it is officially distributed. Investors should take the time to research their position and determine if they qualify for the dividend payment. Verite_Co_Ltd_Declares_10.05_Cash_Dividend”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Verite. More…
| Total Revenues | Net Income | Net Margin |
| 7.6k | 498 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Verite. More…
| Operations | Investing | Financing |
| 909 | -98 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Verite. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.48k | 2.91k | 160.83 |
Key Ratios Snapshot
Some of the financial key ratios for Verite are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | 17.3% | 11.8% |
| FCF Margin | ROE | ROA |
| 10.9% | 12.6% | 7.5% |
Analysis
GoodWhale has conducted an in-depth analysis of VERITE’s wellbeing, and the results are in. Our Risk Rating system has given VERITE a medium risk investment rating for both financial and business aspects. To get an even better picture of the company, we also conducted an income sheet, balance sheet, and cashflow statement assessment. Three risk warnings were detected and identified. If you’d like to see the full analysis, just register with us today and check it out. Verite_Co_Ltd_Declares_10.05_Cash_Dividend”>More…
Peers
Founded in 1977, the company has since become a market leader, competing with other global jewelry giants such as Fujian Ideal Jewellery Industrial Co Ltd, Tsutsumi Jewelry Co Ltd, and Fovea Jewelry Holdings Ltd. With an extensive selection of jewelry products ranging from classic pieces to modern styles, Verite Co Ltd continues to be a leader in the industry.
– Fujian Ideal Jewellery Industrial Co Ltd ($SZSE:002740)
Fujian Ideal Jewellery Industrial Co Ltd is a leading jewelry manufacturer based in Fujian, China. With a market capitalization of 1.21 billion USD as of 2023, the company is a major player in the jewelry industry. Its outstanding performance is evident from its impressive Return on Equity (ROE) of 55.69%. This demonstrates that the company is adept at leveraging its equity to generate profits and return value to its shareholders. The company specializes in the production of a variety of jewelry products such as necklaces, rings, earrings, bracelets, and more. It utilizes cutting-edge technology and advanced manufacturing techniques to produce high-quality jewelry pieces at competitive prices.
– Tsutsumi Jewelry Co Ltd ($TSE:7937)
Tsutsumi Jewelry Co Ltd is a leading provider of jewelry and other precious items in Japan. Founded in 1834, Tsutsumi has grown to become one of the largest jewelry companies in the world with a market cap of 32.66B as of 2023. Tsutsumi is renowned for its fine craftsmanship and high-quality jewelry and has managed to maintain a healthy Return on Equity (ROE) of 1.35%. With a market cap this large, Tsutsumi is clearly a leader in its industry and its ROE reflects the company’s success.
– Fovea Jewelry Holdings Ltd ($OTCPK:FJHL)
Fovea Jewelry Holdings Ltd is a publicly-traded company that specializes in the manufacturing and sale of luxury jewelry and watches. It has a current market capitalization of 1.62k as of 2023, indicating the company’s total market value. In addition, its Return on Equity (ROE) is -11.83%, which means that for every dollar of shareholders’ equity, Fovea Jewelry Holdings Ltd only generates -11.83 cents of profits. This indicates that the company may not be well managed and is not generating enough returns for its shareholders.
Summary
Investing in VERITE can be a profitable option for investors looking for a dividend stock. Over the last 3 years, the company has consistently issued dividends per share of 17.1, 40.0, and 31.12 JPY respectively, providing an average dividend yield of 8.26%. With steady growth in dividends and a healthy track record, investing in VERITE can be a smart move for those looking for steady returns over the long-term.
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