Sumitomo Chemical Company, Limited engages in Chemicals & Plastics, energy and functional materials, IT-related chemicals, health and crop sciences, pharmaceuticals, and other businesses worldwide. Its Essential Chemicals & Plastics segment offers synthetic resins, such as polyethylene, polypropylene, and polymethyl methacrylate resins; raw materials for synthetic fibers; and various industrial chemicals. The company's Energy & Functional Materials segment provides alumina and aluminum products used for energy products; resorcinol for tires, wood adhesives, flame retardants, and ultraviolet ray absorbants; polymer additives and rubber chemicals; synthetic rubber for tires, shoes, construction materials, and other applications; and engineering plastics and lithium-ion secondary battery materials for use in electronic components and next-generation vehicles. Its IT-Related Chemicals segment provides polarizing films, touch screen sensor panels, and color resists and polymer OLED for LC and OLED displays; photoresists and high-purity chemicals for the semiconductor manufacturing process; and compound semiconductor materials for antenna switches and other components of communication terminal equipment. The company's Health & Crop Sciences segment offers crop protection chemicals, fertilizers, feed additives, and household insecticides; active pharmaceutical ingredients and intermediates; and products to control infectious diseases. Its Pharmaceuticals segment provides prescription and diagnostic pharmaceuticals. The company's Others segment supplies electric power and steam; designs, constructs, and supervises chemical plants; provides transportation and warehousing services; and conducts physical property and environmental analysis. Sumitomo Chemical Company, Limited was founded in 1913 and is headquartered in Tokyo, Japan.
Sumitomo Chemical Dividend Announcement
• Sumitomo Chemical announced a semi annually dividend of $0.15 per ordinary share which will be made payable on 2023-12-19. Ex dividend date: 2023-09-28
• Sumitomo Chemical annual dividend for 2023 was $0.30
• Sumitomo Chemical's trailing twelve-month (TTM) dividend yield is -%
• Sumitomo Chemical's payout ratio for the trailing twelve months (TTM) is -7.37%
Sumitomo Chemical Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-09-28 | $0.15 | semi annually | 2023-12-19 |
| 2023-03-30 | $0.15 | semi annually | 2023-06-16 |
| 2022-09-29 | $0.33 | semi annually | 2022-12-19 |
Sumitomo Chemical Dividend per year
Sumitomo Chemical Dividend Yield
Sumitomo Chemical current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Sumitomo Chemical stock? Use our calculator to estimate your expected dividend yield:
Sumitomo Chemical Financial Ratios
Sumitomo Chemical Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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