Okinawa Cellular Telephone Company’s (TSE:9436) investors are due to receive a payment of ¥64.00 per share on 5th of December. This makes the dividend yield about the same as the industry average at 2.4%.

Okinawa Cellular Telephone’s Projected Earnings Seem Likely To Cover Future Distributions

We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Based on the last payment, Okinawa Cellular Telephone was quite comfortably earning enough to cover the dividend. This indicates that a lot of the earnings are being reinvested into the business, with the aim of fueling growth.

Looking forward, earnings per share is forecast to rise by 4.4% over the next year. If the dividend continues on this path, the payout ratio could be 50% by next year, which we think can be pretty sustainable going forward.

historic-dividendTSE:9436 Historic Dividend September 17th 2025

See our latest analysis for Okinawa Cellular Telephone

Okinawa Cellular Telephone Has A Solid Track Record

The company has an extended history of paying stable dividends. The annual payment during the last 10 years was ¥42.00 in 2015, and the most recent fiscal year payment was ¥128.00. This works out to be a compound annual growth rate (CAGR) of approximately 12% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable.

Okinawa Cellular Telephone Could Grow Its Dividend

The company’s investors will be pleased to have been receiving dividend income for some time. Okinawa Cellular Telephone has impressed us by growing EPS at 8.2% per year over the past five years. The company is paying a reasonable amount of earnings to shareholders, and is growing earnings at a decent rate so we think it could be a decent dividend stock.

Okinawa Cellular Telephone Looks Like A Great Dividend Stock

Overall, a dividend increase is always good, and we think that Okinawa Cellular Telephone is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Earnings growth generally bodes well for the future value of company dividend payments. See if the 3 Okinawa Cellular Telephone analysts we track are forecasting continued growth with our free report on analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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