NICCA CHEMICAL CO.,LTD.

The dividend has not been reduced for at least 4 consecutive years since 2013, as far back as our data goes.The forecast annual dividend is JPY 70.0 per share or unit, with a forecast yield of 3.55%.Dividend on equity (DOE) is 2.77%, +0.19 points year over year.

Dividend on equity (DOE) is the annual dividend as a percentage of shareholders’ equity. Because it is less affected by temporary earnings swings, it helps assess the continuity of a company’s shareholder return policy.