Hokuriku Gas Co (TSE:9537) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Hokuriku Gas Co Dividend Payout Ratio?

Hokuriku Gas Co's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hokuriku Gas Co Ltd is 0.78, which seems too high.

The historical rank and industry rank for Hokuriku Gas Co's Dividend Payout Ratio or its related term are showing as below:

TSE:9537' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.33 Max: 0.91
Current: 0.78

During the past 13 years, the highest Dividend Payout Ratio of Hokuriku Gas Co was 0.91. The lowest was 0.19. And the median was 0.33.

TSE:9537's Dividend Payout Ratio is ranked worse than
76.5% of 366 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs TSE:9537: 0.78

As of today (2024-05-13), the Dividend Yield % of Hokuriku Gas Co is 4.60%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hokuriku Gas Co was 4.60%. The lowest was 2.08%. And the median was 2.71%.

Hokuriku Gas Co's Dividends per Share for the months ended in Dec. 2023 was 円0.00.

During the past 10 years, the average Dividends Per Share Growth Rate was 0.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hokuriku Gas Co was 4.60% per year. The lowest was 4.60% per year. And the median was 4.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Hokuriku Gas Co Dividend Payout Ratio Historical Data

The historical data trend for Hokuriku Gas Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hokuriku Gas Co Dividend Payout Ratio Chart

Hokuriku Gas Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

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0.33

0.24

0.46

0.91

Hokuriku Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	0.28	-	-	-

Competitive Comparison of Hokuriku Gas Co's Dividend Payout Ratio

For the Utilities - Regulated Gas subindustry, Hokuriku Gas Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hokuriku Gas Co's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hokuriku Gas Co's Dividend Payout Ratio falls into.

Hokuriku Gas Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Hokuriku Gas Co's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	80	/	88.28
	=	0.91

Hokuriku Gas Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0	/	-179.794
	=	N/A

Hokuriku Gas Co (TSE:9537) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hokuriku Gas Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Hokuriku Gas Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Hokuriku Gas Co (TSE:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hokuriku Gas Co Ltd (TSE:9537) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-23 Higashiodori, Chuo-ku, Niigata Prefecture, Niigata City, JPN, 950-8748

Website

http://www.hokurikugas.co.jp

Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas, and gas-related equipment. It is involved in the manufacture, supply and sale of city gas, the operation of gas works, as well as the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.

Hokuriku Gas Co (TSE:9537) Headlines

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