Kyudenko (TSE:1959) Is Increasing Its Dividend To ¥90.00
Kyudenko Corporation (TSE:1959) has announced an increase in its dividend to ¥90.00, yielding 2.9%. The stock price rose 33% in the last three months, impacting the dividend yield. Despite a high payout ratio of 262% previously, earnings are expected to cover future dividends, with a forecasted EPS growth of 8.7%. However, the company's EPS has been flat over the past five years, limiting growth prospects. While the dividend increase is positive, concerns about cash flow sustainability remain.
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