With 28 September marking the key date for securing shareholder rights, this article highlights 20 stocks that will provide interim dividends and shareholder benefits to investors who buy before the last day to buy with rights. It also explains how to buy while avoiding a sharp post-ex-rights drop.
The end of September is the second key period for securing shareholder rights after the end of March, when the rights to interim dividends and shareholder benefits from companies with March fiscal year-ends are established. This year, however, factors that could cause investors to miss out if they buy based on their usual assumptions are particularly evident, prompting caution over whether continuous holding requirements apply and how share prices may move after the ex-rights date.
This article checks each company’s IR materials and timely disclosures to determine whether buying on 28 September will qualify investors for the shareholder benefits and interim dividends available this time. It selects 20 stocks, placing particular emphasis on whether they have factors that could support their share prices after the ex-rights date, such as upward earnings revisions, progressive dividends, and share buybacks. Share prices and yields are calculated based on closing prices on 18 September.
[A] Of the 16 stocks that allow investors to receive both shareholder benefits and interim dividends by buying on 28 September, Joshin offers ¥10,000 in September-end shareholder benefits plus an interim dividend of ¥50 for holdings of 100 shares or more. K's Holdings offers ¥1,000 in shareholder-benefit vouchers plus an interim dividend of ¥24 for 100 shares. The article explains the earnings trends, payout ratios, and strategies for adding to positions in both stocks.