Wellnet (TSE:2428) Has Announced That It Will Be Increasing Its Dividend To ¥28.00

Wellnet Corporation (TSE:2428) has announced an increase in its dividend to ¥28.00, up from last year's payment. This represents a 3.7% yield based on the current stock price. While the dividend has lacked consistency in the past, the company has shown a 15% annual growth in earnings per share over the last five years. The dividend is comfortably covered by earnings and cash flow, suggesting potential for sustainable growth. However, investors should be aware of some warning signs regarding the company's performance.