Corona's (TSE:5909) Dividend Will Be ¥14.00

Corona Corporation (TSE:5909) will pay a dividend of ¥14.00 on December 3rd, yielding 3.0%. Despite a solid track record of consistent payments, concerns arise over the sustainability of this high payout, as earnings have been lower than dividends. The estimated payout ratio could reach 91%, indicating potential pressure on the balance sheet. While EPS is projected to grow by 18.9% next year, the company’s reinvestment is low, suggesting slower growth ahead. Overall, the current dividend level may be unsustainable, raising doubts about its reliability as an income stock.