NICHIDEN's (TSE:9902) Dividend Will Be ¥35.00
NICHIDEN Corporation (TSE:9902) will pay a dividend of ¥35.00 per share on December 9, yielding 2.4%. The company has a history of dividend cuts, with a payout ratio of 112% of free cash flows, raising concerns about sustainability. Despite a projected EPS growth of 9.2%, the high cash payout ratio may expose the dividend to cuts. While the dividend is increasing, the lack of cash flow makes it a less attractive income stock. Investors should be cautious and consider other factors before investing.
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