Harmonic Drive Systems (TSE:6324) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Harmonic Drive Systems Dividend Payout Ratio?

Harmonic Drive Systems's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Harmonic Drive Systems Inc is 1.33, which seems too high.

The historical rank and industry rank for Harmonic Drive Systems's Dividend Payout Ratio or its related term are showing as below:

TSE:6324' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.3 Max: 2.13
Current: 1.33

During the past 13 years, the highest Dividend Payout Ratio of Harmonic Drive Systems was 2.13. The lowest was 0.26. And the median was 0.30.

TSE:6324's Dividend Payout Ratio is ranked worse than
93.11% of 1669 companies
in the Industrial Products industry
Industry Median: 0.33 vs TSE:6324: 1.33

As of today (2024-05-01), the Dividend Yield % of Harmonic Drive Systems is 0.50%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Harmonic Drive Systems was 1.19%. The lowest was 0.22%. And the median was 0.61%.

Harmonic Drive Systems's Dividends per Share for the months ended in Dec. 2023 was 円0.00.

During the past 12 months, Harmonic Drive Systems's average Dividends Per Share Growth Rate was 22.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Harmonic Drive Systems was 59.70% per year. The lowest was -21.90% per year. And the median was 21.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Harmonic Drive Systems Dividend Payout Ratio Historical Data

The historical data trend for Harmonic Drive Systems's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Harmonic Drive Systems Dividend Payout Ratio Chart

Harmonic Drive Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

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0.31

2.13

0.30

0.33

Harmonic Drive Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	0.70	-	11.68	-

Competitive Comparison of Harmonic Drive Systems's Dividend Payout Ratio

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harmonic Drive Systems's Dividend Payout Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Harmonic Drive Systems's Dividend Payout Ratio falls into.

Harmonic Drive Systems Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Harmonic Drive Systems's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	28	/	84.07
	=	0.33

Harmonic Drive Systems's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0	/	-7.433
	=	N/A

Harmonic Drive Systems (TSE:6324) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Harmonic Drive Systems Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Harmonic Drive Systems's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Harmonic Drive Systems (TSE:6324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (TSE:6324) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

HSYDF:USA K3R:Germany K3R:Germany

Address

6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.hds.co.jp

Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

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