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Yasuda Logistics (TSE:9324) Is Due To Pay A Dividend Of ¥29.00

Simply Wall St · 1d ago

The board of Yasuda Logistics Corporation (TSE:9324) has announced that it will pay a dividend of ¥29.00 per share on the 29th of June. The payment will take the dividend yield to 2.6%, which is in line with the average for the industry.

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Yasuda Logistics' Projected Earnings Seem Likely To Cover Future Distributions

Solid dividend yields are great, but they only really help us if the payment is sustainable. Prior to this announcement, Yasuda Logistics' dividend was comfortably covered by both cash flow and earnings. This indicates that quite a large proportion of earnings is being invested back into the business.

If the trend of the last few years continues, EPS will grow by 3.0% over the next 12 months. Assuming the dividend continues along recent trends, we think the payout ratio could be 56% by next year, which is in a pretty sustainable range.

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TSE:9324 Historic Dividend December 5th 2025

See our latest analysis for Yasuda Logistics

Yasuda Logistics Has A Solid Track Record

The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2015, the annual payment back then was ¥14.00, compared to the most recent full-year payment of ¥58.00. This implies that the company grew its distributions at a yearly rate of about 15% over that duration. Rapidly growing dividends for a long time is a very valuable feature for an income stock.

Dividend Growth May Be Hard To Achieve

Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Earnings have grown at around 3.0% a year for the past five years, which isn't massive but still better than seeing them shrink. Yasuda Logistics is struggling to find viable investments, so it is returning more to shareholders. This isn't bad in itself, but unless earnings growth pick up we wouldn't expect dividends to grow either.

Yasuda Logistics Looks Like A Great Dividend Stock

Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock.

It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. However, there are other things to consider for investors when analysing stock performance. For instance, we've picked out 2 warning signs for Yasuda Logistics that investors should take into consideration. Is Yasuda Logistics not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.