Toyota Motor Corporation
TOYOFConsumer Cyclical · Stock · semiannual payer
Forward Yield
3.36%
Annual Dividend
$0.64
Payout Ratio
27%
5-Yr Growth
8.4%
Ex-Date
Sep 29, 2026
Frequency
Semiannual
Summary
As of August 2026, Toyota Motor Corporation (TOYOF) yields 3.36% ($0.64 per share annually), with a blended fair-value estimate of $36.56 — +92% upside, so it screens as undervalued. Dividend safety grade: C (54/100). 3 years of dividend growth.
Is TOYOF a good dividend stock?
MixedToyota Motor Corporation (TOYOF) pays a semiannual dividend yielding 3.36% ($0.64/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (27%)
- Strong 8.4% 5-yr dividend growth
Risks
- Cut its dividend in 2022
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.36%
- Payout Ratio
- 27%
- Annual Dividend
- $0.64
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Sep 29, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.34
- Market Cap
- $225.3B
- P/E Ratio
- 8.5
- 5-Yr Total Return
- -78%
- 52-Week Range
- $16.00 – $25.00
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
TOYOF Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
+11%
5 Years
-78%
52-Week Range
$16.00 – $25.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TOYOF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Toyota Motor Corporation is $36.56 per share, versus a market price of $19.03. That implies 92% of upside — a margin of safety of about 48%.
Fair Value
$36.56
Current Price
$19.03
Upside
+92%
Margin of Safety
48%
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 40.0% annual free-cash-flow growth. We model 9.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 9.6% stage-1 growth, 2.5% terminal growth, $2.23 EPS, $0.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TOYOF 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 | — | $0.3010 | regular |
| Mar 28, 2025 | — | $0.3310 | regular |
| Sep 27, 2024 | — | $0.2760 | regular |
| Mar 28, 2024 | — | $0.2980 | regular |
| Sep 28, 2023 | — | $0.2010 | regular |
| Mar 30, 2023 | — | $0.2640 | regular |
| Sep 29, 2022 | — | $0.1730 | regular |
| Mar 30, 2022 | — | $0.2280 | regular |
| Sep 29, 2021 | — | $0.2150 | regular |
| Mar 30, 2021 | — | $0.2458 | regular |
| Sep 29, 2020 | — | $0.1990 | regular |
| Mar 30, 2020 | — | $0.2224 | regular |
| Sep 27, 2019 | — | $0.1854 | regular |
| Mar 27, 2019 | — | $0.2170 | regular |
Income Calculator
At $0.64 / yr per share
