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Search for 'hidden high dividend stocks'! We introduce 17 stocks with a continuous increase in dividends for over 20 years, including the expected dividend yield and the company's dividend policy.

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moomooニュース日本株 wrote a column · Jan 15, 2024 14:26
Even if it is not a high dividend stock at the moment,stocks with a high potential for increased dividends in the futurecould also be considered as 'hidden high dividend stocks'. One hint for finding such stocks isstocks that have maintained an increasing dividend for many years. Companies that have continued to increase dividends over the years can also be assumed to have a high potential for future dividend increases.
In fact, there are companies, like the following three, that have stated in their medium-term management plans and management policies that they will continue to increase dividends consecutively.
$Kobayashi Pharmaceutical (4967.JP)$
The company has strengths in niche products such as pharmaceuticals, quasi-drugs, and hygiene materials.The company is planning to increase dividends for the 25th consecutive year by the end of December 2023.In the medium-term management plan from 2023 to 2025,the company aims to achieve 27 consecutive years of increased dividends by the year 2025.and aims to achieve a dividend amount of 20 billion yen or more in the three-year period. The dividend yield at the closing price on the 15th is 1.42%.
$Okinawa Cellular Telephone (9436.JP)$
The company, which is engaged in mobile phone business in Okinawa prefecture,is planning to increase dividends for the 22nd consecutive year by the end of March 2024..The management goal is to achieve 'three increases': increase in revenue, increase in profit, and continuous increase in dividends, with a dividend payout ratio exceeding 40%.As of the closing price on the 15th, the dividend yield is 2.73%.
$Kohsoku (7504.JP)$
The company, which is a specialist trading company for food packaging materials, aims for 20 consecutive years of increasing dividends by the end of March 2024.In the medium-term management plan for fiscal years 2021 to 2025, the company plans to 'further continue the dividend increases that have been sustained so far.'In the medium-term management plan for fiscal years 2021 to 2025, the company plans to 'further continue the dividend increases that have been sustained so far.'In the medium-term management plan for fiscal years 2021 to 2025, the company plans to 'further continue the dividend increases that have been sustained so far.'The dividend yield at the closing price on the 15th is 2.20%.
In addition to introducing the 17 stocks that are planning to increase dividends for over 20 years, including the above three companies, this includes the current dividend yield and the policy on dividends that companies have stated in their medium-term management plans, management policies, and shareholder communications.
The list includes stocks that are planning to increase dividends for over 20 years, as well as future dividend policies and dividend yields (based on the respective companies' websites).
The list includes stocks that are planning to increase dividends for over 20 years, as well as future dividend policies and dividend yields (based on the respective companies' websites).
While it is a good thing for shareholders that companies continue to increase dividends, it can be seen as a "double-edged sword" for shareholders if companies prioritize continuous dividend increases to the point where it hinders future growth investments.
$Kao (4452.JP)$Although the company plans to increase dividends for 34 consecutive years, the projected dividend payout ratio is expected to exceed 170%. However, the company states that the core net profit, excluding temporary gains and losses, would be 79.2%. In any case, it is expected that improved profitability will be necessary for the company to continue increasing dividends in the future.
It seems important to assess not only the company's dividend policy, such as the dividend payout ratio, but also its fundamentals, such as performance and industry, to determine whether the company can steadily increase dividends within a reasonable range.
moomoo News Mark
Source: Various HPs, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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