Should You Buy SPK Corporation (TSE:7466) For Its Upcoming Dividend?

SPK Corporation (TSE:7466) is set to trade ex-dividend on March 28, with a dividend of JP¥32.00 per share payable on June 2. The company has a trailing yield of 3.0% based on a share price of JP¥2144.00. SPK's payout ratio is 26% of profit, and it paid out 82% of its free cash flow as dividends, indicating sustainability. Earnings per share have grown 8.6% annually over the last five years, and dividends have increased by 8.1% per year on average over the past decade. However, caution is advised due to potential risks associated with the stock.