IDEC (TSE:6652) Has Announced A Dividend Of ¥65.00
IDEC Corporation (TSE:6652) has announced a dividend of ¥65.00 per share, yielding 5.4%, payable on November 25. However, concerns arise as the company may struggle to sustain this payment due to insufficient profits and a projected payout ratio of 163% in 12 months. Despite a history of dividend growth, IDEC's earnings per share have declined by 5.4% annually over the past five years, raising doubts about future dividend increases. Overall, IDEC may not be a strong candidate for income investment due to these financial challenges.
Simplywall·
