Bourbon (TSE:2208) Could Be A Buy For Its Upcoming Dividend

Bourbon Corporation (TSE:2208) is set to go ex-dividend in two days, with a dividend payment of JP¥18.50 per share on June 30. The company has a trailing yield of 1.1% based on last year's payments. Bourbon pays out only 13% of its profit after tax and 36% of its free cash flow, indicating a sustainable dividend. Earnings per share have grown 10% annually over the past five years, and the dividend has increased by an average of 6.1% per year over the last decade. Overall, Bourbon appears to be a solid investment for dividend seekers.