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RIX Corporation
7525.JP
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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.

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Rix's (TSE:7525) Dividend Will Be ¥64.00

Rix Corporation (TSE:7525) will pay a dividend of ¥64.00 per share on December 9, yielding 4.4%. While the company covers the payment with earnings, it represents 107% of cash flows, raising concerns about sustainability. Rix's dividend history shows instability, with past cuts, but EPS has grown 9.4% annually over five years. Despite potential growth, the company may not be a reliable income stock due to cash flow issues and a volatile dividend history. Investors should be cautious and consider other dividend stocks.

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Rix Corporation to Merge Sub-Subsidiary into Consolidated Unit

Rix said its consolidated subsidiary Rixtechno will absorb its wholly owned sub-subsidiary CEM Corporation in a merger, effective Dec. 1, according to a Wednesday filing on the Tokyo Stock Exchange. The deal, approved by the boards of both companies, will be an absorption-type merger with no share allotment, as CEM is fully owned by Rixtechno. Rixtechno manufactures automotive parts cleaning machines and industrial equipment, while CEM focuses on control systems and software for industrial machinery.

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