Glory (TSE:6457) Has Announced That It Will Be Increasing Its Dividend To ¥56.00
Glory Ltd. (TSE:6457) has announced an increase in its dividend to ¥56.00, yielding 2.9%. The stock price has risen by 55% in the last three months, impacting the dividend yield. Glory's earnings cover the dividend, with a forecasted 6.3% rise in earnings per share next year, suggesting a sustainable payout ratio of 38%. Despite a history of dividend cuts, the company has grown its earnings per share by 16% annually over the past five years, making it a strong income stock. However, investors should be aware of two warning signs before investing.
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