There are various ways to invest, such as stocks, futures, foreign currencies, and properties. In the case of stocks, in addition to daily stock price fluctuations, some investors may invest in anticipation of dividends. If possible, you may be thinking of investing high-dividend stocks, but the stock prices tend to fall easily after date of right allotment. It is desirable that the high dividend yield rate is not a temporary one but a continuous dividends increase. This time, we will look at the top 10 Japanese stocks with high dividends and consecutive dividends increase in 2022.
What are consecutive dividend stocks?
Consecutive dividend stocks are stocks that continue to increase their dividends. Dividends are a system to return their profit to the shareholders. Continuing to increase dividends over a long-term period means that the company is an excellent with stable and healthy growth. High-quality companies have a tendency to increase not only their dividends, but also their stock prices, so that they can be regarded as attractive investment ones.
Top 10 Japanese Stocks with High Dividends and Consecutive Dividend Increase
Please note: Data and information as of August 1th in 2022.
Kao (4452)
They are one of Japanese leading chemical company, developing consumables such as cosmetics, face/body soap and detergents as well as functional materials such as industrial oils and fats and surfactants. Since 1991, the company has continued to increase the dividend. The dividend increase rate in the last three years was 1.2 times. The dividend has increased by an average of 6.2% per year. The annual dividend in the financial year, the end of December 2022, is expected to be 148 JPY. Dividend yield (forecast) will be 2.73%. The current stock price is JPY 5785/share.
SPK (7466)
SPK is a trading company specializing in auto parts and industrial vehicle parts. The company has continued to increase the dividend for 24 years consecutively since 1999. The dividend increase rate in the last three years is 1.19 times. The dividend has increased by an average of 6.0% annually. The annual dividend in the fiscal year, the end of March 2023, is expected to be 44 JPY. The dividend yield (forecast) will be 3.18%. The current stock price is JPY 1399/share.
Mitsubishi HC Capital (8593)
It’s a leasing and rental company. On July 1, 2022, Mitsubishi UFJ Lease & Finance merged with Hitachi Capital and changed the name to “Mitsubishi HC Capital Co., Ltd.” The company has consistently increased the dividend since 2000. The dividend increase rate in the last three years is 1.19 times. They are increasing the dividend by an average of 6.0% per year. The annual dividend in the fiscal year, the end of March 2023, is expected to be 31 JPY. The dividend yield (forecast) will be 5.01%. The current stock price is JPY 643/share.
USS (4732)
It is a company that operates a used-car auction and purchase chain “Rabbit” nationwide. Since 2003, they have continued to increase the dividend. The dividend increase rate in the last three years was 1.31 times. They are increasing the dividend by an average of 9.5% per year. The annual dividend amount in the fiscal year, the end of March 2022, is expected to be 67 JPY. Dividend yield (forecast) will be 2.87%. The current stock price is JPY 2605/share.
Ricoh Lease (8566)
It’s Ricoh Group’s leasing company. Since 2001, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.5 times. The company is increasing the dividend by an average of 14.4% per year. The annual dividend in the fiscal year, the end of March 2023, is expected to be 135 JPY. The dividend yield (forecast) will be 3.89%. The current stock price is JPY 3570/share.
Okinawa Cellular Telephone (9436)
This is a telecommunications company under KDDI. It specializes in Okinawa Prefecture and has a high share of mobile phones in the prefecture. Since 2003, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.29 times. They are increasing the dividend by an average of 8.9% per year. The annual dividend in the fiscal year, the end of March 2023, is expected to be 172 JPY. The dividend yield (forecast) will be 3.25%. The current stock price is JPY 5420/share.
KDDI (9433)
It’s one of the biggest telecommunications company in Japan. The businesses are designed to expand to life services such as finance, entertainment, and education. But, the main business is telecommunications. Since 2003, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.19 times. They are increasing the dividend by an average of 5.98% per year. The annual dividend in the fiscal year, the end of March 2023, is expected to be 135 JPY. Dividend yield (forecast) will be 3.13%. The current stock price is JPY 4294/share.
Sun drug
It operates the drugstore chain “Sundrug” and the discount store “Direx” in western Japan. Since 2003, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.07 times. They are increasing the dividend by an average of 2.4% per year. The annual dividend in the fiscal year, the end of March 2023, is expected to be 72 JPY. Dividend yield (forecast) will be 2.39%. The current stock price is ¥3120/share.
Trancom (9058)
It’s a company that builds and operates logistics systems. Their strength is matching services for empty vehicle information and cargo information. Since 2002, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.37 times. They are increasing the dividend by an average of 11.0% per year. The annual dividend for the fiscal year, the end of March 2023, is expected to be 136 JPY. Dividend yield (forecast) will be 1.97%. The current stock price is ¥7360/share.
Rinnai (5947)
It is a manufacturing company about hot water supply equipment and kitchen equipment. Since 2003, they have continued to increase the dividend. The dividend increase rate in the last three years is 1.48 times. They are increasing the dividend by an average of 14.2% per year. The annual dividend in the fiscal year, the end of March 2022, is expected to be 150 JPY. Dividend yield (forecast) will be 1.61%. The current stock price is ¥10080/share.
Summary
It is necessary to judge comprehensively not only the recent high dividend yield rate, but also how many years the dividend has increased in a row, how the dividend has increased in the last three years, the current financial situation, and the future direction of the business. It’s one of ideas to prioritize high-dividend stocks that have continuously increased the dividends. Above data is the one as of Aug 1th in 2022. Market information and dividend rates will change from time to time, so please check the latest information from each securities company.
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