SpareBank 1 Helgeland's dividend yield of 7.48% is below the top quartile in Norway, and its dividends have been volatile over the past decade. Despite this, dividends are currently covered by earnings with a payout ratio of 70.4%, expected to rise to 89.8% in three years. Recent earnings growth supports coverage, but low bad loan allowances (42%) could pose risks if economic conditions worsen. The stock trades at a significant discount to estimated fair value.

• Click here and access our complete dividend analysis report to understand the dynamics of SpareBank 1 Helgeland.

• Our comprehensive valuation report raises the possibility that SpareBank 1 Helgeland is priced lower than what may be justified by its financials.

Mitsubishi Shokuhin

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Mitsubishi Shokuhin Co., Ltd. operates as a wholesaler of processed foods, frozen and chilled foods, alcoholic beverages, and confectioneries both in Japan and internationally, with a market cap of ¥219.04 billion.

Operations: Mitsubishi Shokuhin Co., Ltd.'s revenue segments include processed foods, frozen and chilled foods, alcoholic beverages, and confectioneries.

Dividend Yield: 3.8%

Mitsubishi Shokuhin's dividend yield of 3.76% is slightly below the top 25% in Japan, with stable and reliable payments over the past decade. However, dividends are not covered by free cash flow despite a low payout ratio of 32.9%. Recent increases in dividends from JPY 80 to JPY 90 per share reflect positive earnings growth, projected at 7.93% annually. The stock trades near its fair value and offers good relative value compared to peers.

• Take a closer look at Mitsubishi Shokuhin's potential here in our dividend report.

• Our valuation report unveils the possibility Mitsubishi Shokuhin's shares may be trading at a discount.

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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.

Companies discussed in this article include BIT:BPSO OB:HELG and TSE:7451.

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