The loss of dividend rights for tomorrow 28th is about 220 yen, and TOPIX including dividends has an annual rate of increase of 22%

I was reluctant to decline in Japanese stocks on September 27th. Sales began ahead of time in response to depreciation in US stocks. There was a scene where the Nikkei Average dropped by about 350 yen in the morning. However, since today is the last day with dividend rights allocated at the end of September, it seems that purchases aimed at dividends also came in, and after that, they were reluctant to decline.

If you were “reluctant to lower it due to a purchase aimed at dividends,” then tomorrow, when dividend rights fall, there will be no reason for that purchase. “Today's reluctance to decline” will lead to tomorrow's worries. Of course, even if the rights at the end of September fall, if you continue to hold shares for the next six months, you can now obtain the right to dividends at the end of the March fiscal year. Therefore, loss of rights is temporary bad news.

However, if a stock with a market value of 1000 yen and the right to a dividend of 30 yen fell to 970 yen, it is calculated that the amount of dividends fell as it was. However, if you lower it to 950 yen, you may also think, “If this were the case, it would have been more profitable to sell it for 1000 yen before the loss of rights and buy it back for 950 yen...”

There is no point in looking back and having small regrets, but stock investment is an activity where you look back on the past, acquire your own experiences and thoughts, and make use of them in future strategies and results. Based on past experiences, there were probably many investors who sold before dividend rights fell, and drew strategies to buy at a lower price around mid-October.

The decline in dividends from the Nikkei Average is around 220 yen. The Tokyo stock market tomorrow 28th is very interesting as to whether dividend rights fall and start low, how much will be returned, or whether the decline will expand.

If the decline is reduced during the trading hours on the 28th, it indicates that investors who want to buy Japanese stocks are strong in the face of a decline. If the decline were to expand, it would indicate that there are many investors who are aware of changes in global stock market conditions, based on trends in US interest rates.

According to data from the Tokyo Stock Exchange, the “TOPIX with dividends” at the end of August this year rose 22% compared to the same period last year. Meanwhile, TOPIX's general rate of increase is 18.7%. Performance including dividends is approximately 3.3% P above normal TOPIX. It can be seen that the appeal of dividends is boosting Japanese stock management. There is such a high level of interest in dividends, so I'm worried about the impact of loss of dividend rights on stock prices in general, albeit temporarily.

Radio NIKKEI commentator Kamata Shinichi

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