NTDOY - Is Nintendo a Great Dividend Stock?
Nintendo (OTC: NTDOY) continued to deliver strong sales results through the holiday quarter. Its profits have been on the rise as the growing installed base of Switch owners buys more games. And that improvement on the bottom line has allowed it to boost its dividend payments over the last year.
Based on management's expected payout of $2.24 per share (1,880 yen), and the current share price, Nintendo's dividend yield was 2.89% at the time of writing, well above the S&P 500's average yield of 1.48%.
That's an attractive yield, but there are a few things to consider about Nintendo's dividend if you're trying to decide whether to buy this stock primarily for the income.
For further details see:
Is Nintendo a Great Dividend Stock?