Toyo Tire Corporation manufactures and sells tires in Japan and internationally. The company provides tires for passenger vehicles, SUVs and pickup trucks, and trucks and buses under the Toyo Tires and Nitto. It also offers automotive parts including engine and motor mounts, suspension parts, and Constant velocity universal joint (CVJ) boots. The company was formerly known as Toyo Tire & Rubber Co., Ltd. and changed its name to Toyo Tire Corporation in January 2019. Toyo Tire Corporation was incorporated in 1943 and is headquartered in Itami, Japan.
Toyo Tire Dividend Announcement
• Toyo Tire announced a semi annually dividend of ¥55.00 per ordinary share which will be made payable on 2025-03-01. Ex dividend date: 2024-12-27
• Toyo Tire annual dividend for 2024 was ¥105.00
• Toyo Tire annual dividend for 2023 was ¥100.00
• Toyo Tire's trailing twelve-month (TTM) dividend yield is 5.98%
• Toyo Tire's dividend growth over the last five years (2018-2023) was 17.32% year
• Toyo Tire's dividend growth over the last ten years (2013-2023) was 23.62% year
Toyo Tire Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-27 | ¥55.00 | semi annually | 2025-03-01 |
2024-06-27 | ¥50.00 | semi annually | 2024-09-04 |
2023-12-28 | ¥80.00 | semi annually | 2024-03-28 |
2023-06-29 | ¥20.00 | semi annually | 2023-09-06 |
2022-12-29 | ¥50.00 | semi annually | 2023-03-30 |
2022-06-29 | ¥30.00 | semi annually | 2022-09-07 |
2021-12-29 | ¥56.00 | semi annually | 2022-03-28 |
2021-06-29 | ¥20.00 | semi annually | 2021-09-08 |
2020-12-29 | ¥25.00 | semi annually | 2021-03-31 |
2020-06-29 | ¥20.00 | semi annually | 2020-09-09 |
2019-12-27 | ¥25.00 | semi annually | 2020-03-30 |
2019-06-26 | ¥20.00 | semi annually | 2019-09-11 |
2018-12-26 | ¥25.00 | semi annually | 2019-03-29 |
2018-06-27 | ¥20.00 | semi annually | 2018-09-12 |
2017-12-27 | ¥25.00 | semi annually | 2018-03-30 |
2017-06-28 | ¥20.00 | semi annually | 2017-09-13 |
2016-12-28 | ¥25.00 | semi annually | |
2016-06-28 | ¥20.00 | semi annually | |
2015-12-28 | ¥25.00 | semi annually | |
2015-06-26 | ¥20.00 | semi annually | |
2014-12-26 | ¥45.00 | semi annually | |
2013-12-26 | ¥12.00 | semi annually |
Toyo Tire Dividend per year
Toyo Tire Dividend growth
Toyo Tire Dividend Yield
Toyo Tire current trailing twelve-month (TTM) dividend yield is 5.98%. Interested in purchasing Toyo Tire stock? Use our calculator to estimate your expected dividend yield:
Toyo Tire Financial Ratios
Toyo Tire Dividend FAQ
Other factors to consider when evaluating Toyo Tire 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: Toyo Tire'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, Toyo Tire 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, Toyo Tire 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 Toyo Tire 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: Toyo Tire 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, Toyo Tire distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Toyo Tire 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 Toyo Tire'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 Toyo Tire'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.