Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables worldwide. It operates through Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others segments. The company offers wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink and heat-resistant tubing/tapes; magnet and aluminum bars/wires; spinel products; products for electronic devices; sintered parts; and EV quick-charger connector assemblies. It also provides fiber optics products; fusion splicer and accessories; data center solutions; intelligent transport systems; remote monitoring systems; NanoPlug series; CATV systems; set top boxes; optical transceiver modules, and optical and wireless devices; optical lenses for infrared devices; AirMT, non-contact multi-fiber interconnects; and low profile fiber-array for silicon photonics. In addition, the company offers electronic wires; flexible printed circuits; heat-shrinkable tubings; cladded/plated and electroplated wires; thermoplastic molded components; PTFE membranes; spiral shielded and electronic wires; cross linked fluorine resins; coaxial cables; flat components; thunderbolt cables; plated and alloy wires; abrasion-resistant parts/materials; and RGB laser modules. Further, it provides various energy and environment systems; products for railway and transport machinery; steel wires for springs; abrasion-resistant parts/materials; magnet wires; diamond/CBN grinding wheels; PC steel wires and high-strength shear reinforcement; drills/endmills; CBN/PCD; milling and turning tools; laser optics; and magnesium alloy parts. The company was formerly known as Sumitomo Electric Wire & Cable Works and changed its name to Sumitomo Electric Industries, Ltd. in 1939. The company was founded in 1897 and is headquartered in Osaka, Japan.
Sumitomo Electric Industries Dividend Announcement
• Sumitomo Electric Industries announced a semi annually dividend of $0.32 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-03-27
• Sumitomo Electric Industries annual dividend for 2024 was $0.32
• Sumitomo Electric Industries annual dividend for 2023 was $0.34
• Sumitomo Electric Industries's trailing twelve-month (TTM) dividend yield is 0.01%
• Sumitomo Electric Industries's dividend growth over the last five years (2018-2023) was -4.84% year
• Sumitomo Electric Industries's dividend growth over the last ten years (2013-2023) was -28.14% year
Sumitomo Electric Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-03-27 | $0.32 | semi annually | 2024-07-12 |
| 2023-09-28 | $0.17 | semi annually | 2023-12-15 |
| 2023-03-30 | $0.17 | semi annually | 2023-06-29 |
| 2022-09-29 | $0.18 | semi annually | 2022-12-15 |
| 2022-03-29 | $0.18 | semi annually | 2022-07-12 |
| 2021-09-28 | $0.22 | semi annually | 2021-12-15 |
| 2021-03-29 | $0.14 | semi annually | 2021-07-13 |
| 2020-09-28 | $0.15 | semi annually | 2020-12-15 |
| 2020-03-27 | $0.15 | semi annually | 2020-07-13 |
| 2019-09-26 | $0.22 | semi annually | 2019-12-17 |
| 2019-03-27 | $0.22 | semi annually | 2019-07-09 |
| 2018-09-26 | $0.21 | semi annually | 2018-12-18 |
| 2018-03-28 | $0.23 | semi annually | 2018-07-16 |
| 2017-09-27 | $0.19 | semi annually | 2017-12-15 |
| 2017-03-28 | $0.20 | semi annually | 2017-07-14 |
| 2016-09-27 | $0.15 | semi annually | |
| 2016-03-28 | $0.18 | semi annually | |
| 2015-09-25 | $0.14 | semi annually | |
| 2015-03-26 | $0.15 | semi annually | |
| 2014-09-25 | $0.10 | semi annually | |
| 2014-03-26 | $11.83 | semi annually | |
| 2013-03-26 | $9.29 | semi annually |
Sumitomo Electric Industries Dividend per year
Sumitomo Electric Industries Dividend growth
Sumitomo Electric Industries Dividend Yield
Sumitomo Electric Industries current trailing twelve-month (TTM) dividend yield is 0.01%. Interested in purchasing Sumitomo Electric Industries stock? Use our calculator to estimate your expected dividend yield:
Sumitomo Electric Industries Financial Ratios
P/E ratio12.94
PEG ratio0.01
P/B ratio1.00
ROE8.38%
Payout ratio0.00%
Current ratio1.64
Quick ratio0.96
Cash Ratio0.22
Sumitomo Electric Industries Dividend FAQ
How much is the next Sumitomo Electric Industries dividend?
Sumitomo Electric Industries's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Sumitomo Electric Industries dividend. The next Sumitomo Electric Industries dividend will be released in March, or September.
When is Sumitomo Electric Industries dividend paid?
Sumitomo Electric Industries pays dividends on a semi annually basis. The specific dates may vary each year but are generally around March, and September. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Sumitomo Electric Industries pay?
The specific amount of Sumitomo Electric Industries dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sumitomo Electric Industries's dividend history.
Does Sumitomo Electric Industries stock pay dividends?
Yes, Sumitomo Electric Industries does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sumitomo Electric Industries's dividend history.
How much dividend does Sumitomo Electric Industries pay?
Sumitomo Electric Industries paid $0.323 in 2024, $0.341 in 2023, $0.367 in 2022, $0.364 in 2021, and $0.302 in 2020.
How often does Sumitomo Electric Industries pay dividends?
Sumitomo Electric Industries typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around March, and September.
What is Sumitomo Electric Industries's dividend yield?
The current dividend yield for Sumitomo Electric Industries is 0.01%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Sumitomo Electric Industries's exact dividend yield.
When does Sumitomo Electric Industries go ex dividend?
Sumitomo Electric Industries's ex-dividend date for the latest dividend was on 2024-03-27. Sumitomo Electric Industries typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Sumitomo Electric Industries dividend paid?
Sumitomo Electric Industries pays dividends on a semi annually basis, typically around March, or September, but the exact dates can vary each year.
Will Sumitomo Electric Industries increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Sumitomo Electric Industries will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Sumitomo Electric Industries dividend per share?
Sumitomo Electric Industries paid $0.323 per share in 2024 and $0.341 per share in 2023. The amount of dividend per share that Sumitomo Electric Industries pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Sumitomo Electric Industries a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Sumitomo Electric Industries a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Sumitomo Electric Industries a dividend stock?
Yes, Sumitomo Electric Industries is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sumitomo Electric Industries a good dividend stock?
Whether Sumitomo Electric Industries is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Sumitomo Electric Industries has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Sumitomo Electric Industries 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.
Other factors to consider when evaluating Sumitomo Electric Industries 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.
Does Sumitomo Electric Industries pay dividends monthly?
Sumitomo Electric Industries typically pays dividends on a semi annually basis.
Does Sumitomo Electric Industries pay dividends quarterly?
Sumitomo Electric Industries currently pays dividends on a semi annually basis.
Has Sumitomo Electric Industries ever paid a dividend?
Yes, Sumitomo Electric Industries has a history of paying dividends to its shareholders. Sumitomo Electric Industries is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sumitomo Electric Industries dividend stocks?
To buy Sumitomo Electric Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Sumitomo Electric Industries stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Sumitomo Electric Industries stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Sumitomo Electric Industries pay dividends 2024?
Sumitomo Electric Industries pays dividends on a semi annually basis. 2024 dividend payments are in 2024-07-12. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Sumitomo Electric Industries increase its dividend in 2024?
Decisions regarding Sumitomo Electric Industries dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Sumitomo Electric Industries dividend overview you can look into the above table of dividend history.
How Sumitomo Electric Industries dividend works?
The Sumitomo Electric Industries dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Sumitomo Electric Industries's dividend process works:
1. Determination of Dividend: Sumitomo Electric Industries'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, Sumitomo Electric Industries 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, Sumitomo Electric Industries 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 Sumitomo Electric Industries 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. Determination of Dividend: Sumitomo Electric Industries'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, Sumitomo Electric Industries 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, Sumitomo Electric Industries 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 Sumitomo Electric Industries 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.
How are Sumitomo Electric Industries dividends paid?
Sumitomo Electric Industries dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Sumitomo Electric Industries 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, Sumitomo Electric Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sumitomo Electric Industries 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.
1. Record Date: Sumitomo Electric Industries 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, Sumitomo Electric Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sumitomo Electric Industries 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.
How many times does Sumitomo Electric Industries pay dividends?
Sumitomo Electric Industries typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Sumitomo Electric Industries pay dividends?
The general pattern is that Sumitomo Electric Industries pays dividends around March, and September. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Sumitomo Electric Industries dividend safe?
The safety of Sumitomo Electric Industries's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Sumitomo Electric Industries'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 Sumitomo Electric Industries'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.
To assess the safety of Sumitomo Electric Industries'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 Sumitomo Electric Industries'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.