Rix (TSE:7525) Is Due To Pay A Dividend Of ¥64.00
Rix Corporation (TSE:7525) will pay a dividend of ¥64.00 on December 9, yielding 4.4%. While the last payment was covered by earnings, it constituted 107% of cash flows, raising concerns about sustainability. Earnings per share are projected to rise by 10.7% next year, potentially leading to a payout ratio of 46%. Despite a long dividend history, Rix has cut dividends in the past, and while EPS has grown at 11% annually, caution is advised for income-focused investors due to minimal cash flow coverage.
Simplywall·