Nitta Corporation provides power transmission belts, conveyor belts and units, and other products in Japan and internationally. It offers power transmission and conveyor belts, including PolySprint, Polybelt, New Light Grip, and Super Endless belts; and conveyor units, such as curve, spiral, non-snaking, and junction conveyor systems. The company also provides tubing and fittings primarily for pneumatic equipment, semiconductor manufacturing equipment, and industrial robots; and industrial wipers and molded rubber products comprising slide, lip, telesco, and cover seals. In addition, it offers air and chemical filters; filter casting and clean system equipment; bacteria decontamination equipment; and particle and microorganism measuring instruments. Further, the company provides mechatronics products, such as automatic tool changers, swivel joints, and interface units; adhesive sheet Intelimer tapes; and RFID magnetic sheets. It serves civil engineering and construction, automobile, logistic and transportation, environment and energy, industrial machinery, semiconductor, liquid crystal and electronic components, food, medicine, and healthcare industries. The company was formerly known as Nitta Belting Co., Ltd. and changed its name to Nitta Corporation in 1982. Nitta Corporation was founded in 1885 and is headquartered in Osaka, Japan.
Nitta Dividend Announcement
• Nitta announced a semi annually dividend of ¥66.00 per ordinary share which will be made payable on 2025-06-01. Ex dividend date: 2025-03-28
• Nitta's trailing twelve-month (TTM) dividend yield is 3.72%
Nitta Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2025-03-28 | ¥66.00 | semi annually | 2025-06-01 |
2024-09-27 | ¥66.00 | semi annually | 2024-12-05 |
2024-03-28 | ¥67.00 | semi annually | 2024-06-26 |
2023-09-28 | ¥55.00 | semi annually | 2023-12-05 |
2023-03-30 | ¥60.00 | semi annually | 2023-06-28 |
2022-09-29 | ¥50.00 | semi annually | 2022-12-06 |
2022-03-30 | ¥50.00 | semi annually | 2022-06-27 |
2021-09-29 | ¥35.00 | semi annually | 2021-12-06 |
2021-03-30 | ¥35.00 | semi annually | 2021-06-25 |
2020-09-29 | ¥30.00 | semi annually | 2020-12-07 |
2020-03-30 | ¥35.00 | semi annually | 2020-06-26 |
2019-09-27 | ¥35.00 | semi annually | 2019-12-05 |
2019-03-27 | ¥35.00 | semi annually | 2019-06-24 |
2018-09-26 | ¥33.00 | semi annually | 2018-12-05 |
2018-03-28 | ¥36.00 | semi annually | 2018-06-25 |
2017-09-27 | ¥27.00 | semi annually | 2017-12-04 |
2017-03-29 | ¥26.00 | semi annually | 2017-06-26 |
2016-09-28 | ¥26.00 | semi annually | |
2016-03-29 | ¥28.00 | semi annually | |
2015-09-28 | ¥24.00 | semi annually | |
2015-03-27 | ¥3.00 | semi annually | |
2014-09-26 | ¥18.00 | semi annually | |
2014-03-27 | ¥20.00 | semi annually |
Nitta Dividend per year
Nitta Dividend growth
Nitta Dividend Yield
Nitta current trailing twelve-month (TTM) dividend yield is 3.72%. Interested in purchasing Nitta stock? Use our calculator to estimate your expected dividend yield:
Nitta Financial Ratios
Nitta Dividend FAQ
Other factors to consider when evaluating Nitta as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Nitta's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Nitta publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Nitta distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Nitta are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Nitta sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Nitta distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Nitta declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Nitta's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Nitta's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.