Sumida (TSE:6817) Is Paying Out A Dividend Of ¥27.00
Sumida Corporation (TSE:6817) announced a dividend of ¥27.00 per share, yielding 4.5%. Despite a high payout ratio of 87% of earnings, cash flows are strong, allowing for reinvestment. EPS growth is projected at 168.1%, with a future payout ratio of 35%. However, past dividend cuts raise concerns about sustainability. The dividend has grown at a 10% CAGR since 2015, but its reliability as an income source is uncertain. Investors are advised to consider other high-yield options due to potential sustainability issues.
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