Yondenko (TSE:1939) Will Pay A Smaller Dividend Than Last Year

Yondenko Corporation (TSE:1939) will pay a reduced dividend of ¥32.00 on December 1, down from last year's payment. Despite this cut, the yield remains above the industry average at 4.8%. The company has a history of dividend volatility, with past cuts, but earnings per share are projected to rise by 14.3% next year. The payout ratio is estimated at 66%, indicating potential sustainability. However, concerns remain due to minimal cash flows, making Yondenko less reliable as a dividend stock.