Hulic and Tokyu Land Holdings are introduced as stocks with high 10-year dividend scores and characteristics and dividend policies suited to long-term holding. Key points include Hulic's strength in prime properties in central Tokyo and Tokyu Land Holdings' progressive dividend policy and development projects in the Shibuya area.
The ranking of stocks with high “10-year dividend scores,” based on the latest data from Diamond Zai, covers all stocks with dividend yields of 3% or more and introduces the stocks ranked 3rd and 4th. The 10-year dividend score is calculated out of 100 based on six factors: dividend-maintenance capacity, the number of dividend increases, payout ratio, the number of earnings increases, earning power (ROE), and market capitalisation.
Hulic (3003), ranked 3rd, has a dividend yield of approximately 3.7% and specialises in prime properties in central Tokyo. It has increased its dividend every year since listing, plans to raise the dividend by ¥5 this fiscal year, and intends to raise its payout ratio to 45% under its medium- to long-term plan. As a shareholder benefit, a catalog gift is provided to shareholders who hold at least 300 shares for 2 years or more.
Tokyu Land Holdings (3289) ranked 4th, with a dividend yield of approximately 3.7%. Its condominium sales, brokerage, and property transactions are performing well, centred on development in the Shibuya area, and the company expects higher revenue and profit this fiscal year. It aims to achieve medium- to long-term growth by maintaining its progressive dividend policy and payout ratio, strengthening its ongoing Shibuya development projects, and targeting ROE of at least 10%.