Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and other plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; IT-related equipment; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. The company was incorporated in 1926 and is headquartered in Tokyo, Japan.
Toray Industries Dividend Announcement
• Toray Industries announced a semi annually dividend of $0.07 per ordinary share which will be made payable on 2023-12-15. Ex dividend date: 2023-09-28
• Toray Industries annual dividend for 2023 was $0.15
• Toray Industries's trailing twelve-month (TTM) dividend yield is -%
• Toray Industries's payout ratio for the trailing twelve months (TTM) is 82.93%
Toray Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-09-28 | $0.07 | semi annually | 2023-12-15 |
| 2023-03-30 | $0.08 | semi annually | 2023-07-13 |
| 2022-09-29 | $0.08 | semi annually | 2022-12-15 |
| 2006-09-27 | $0.34 | semi annually |
Toray Industries Dividend per year
Toray Industries Dividend Yield
Toray Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Toray Industries stock? Use our calculator to estimate your expected dividend yield:
Toray Industries Financial Ratios
Toray Industries 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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