Nitto Denko Corporation
NDEKFBasic Materials · Stock · semiannual payer
Forward Yield
1.84%
Annual Dividend
$0.40
Payout Ratio
30%
5-Yr Growth
0.6%
Ex-Date
Sep 29, 2026
Frequency
Semiannual
Summary
As of September 2026, Nitto Denko Corporation (NDEKF) yields 1.84% ($0.40 per share annually), with a blended fair-value estimate of $20.59 — -9% downside, so it screens as fairly valued. Dividend safety grade: C (65/100). 3 years of dividend growth.
Is NDEKF a good dividend stock?
Yes, with caveatsNitto Denko Corporation (NDEKF) pays a semiannual dividend yielding 1.84% ($0.40/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (30%)
- 58% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 1.84%
- Payout Ratio
- 30%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- 0.6%
- Ex-Dividend Date
- Sep 29, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.53
- Market Cap
- $15.0B
- P/E Ratio
- 18.1
- 5-Yr Total Return
- 58%
- 52-Week Range
- $17.72 – $25.70
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
NDEKF Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+70%
5 Years
+58%
52-Week Range
$17.72 – $25.70
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NDEKF worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Nitto Denko Corporation is $20.59 per share, versus a market price of $22.75. That implies the stock is roughly fairly priced.
Fair Value
$20.59
Current Price
$22.75
Gap
-9%
Margin of Safety
-10%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 9.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 9.1% stage-1 growth, 2.5% terminal growth, $1.26 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NDEKF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 29, 2025 | — | $0.2010 | regular |
| Mar 28, 2025 | — | $0.1850 | regular |
| Sep 27, 2024 | — | $0.1930 | regular |
| Mar 28, 2024 | — | $0.1720 | regular |
| Sep 28, 2023 | — | $0.1738 | regular |
| Mar 30, 2023 | — | $0.1808 | regular |
| Sep 29, 2022 | — | $0.1666 | regular |
| Mar 30, 2022 | — | $0.1790 | regular |
| Sep 29, 2021 | — | $0.1974 | regular |
| Mar 30, 2021 | — | $0.1822 | regular |
| Sep 29, 2020 | — | $0.1896 | regular |
| Mar 30, 2020 | — | $0.1852 | regular |
| Sep 27, 2019 | — | $0.1854 | regular |
| Mar 27, 2019 | — | $0.1626 | regular |
Income Calculator
At $0.40 / yr per share
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