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TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Tokyo Century Corp (TCNRF) operates as an industrial equipment financier in Japan.

The company was formerly known as Century Tokyo Leasing Corporation and changed its name to Tokyo Century Corporation in October 2016.

Tokyo Century Corporation was founded in 1964 and is headquartered in Tokyo, Japan.

Three key data points gauge Tokyo Century or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

TCNRF Price

Tokyo Century’s share price increased about 27% in the past year from $8.13 to $10.32 as of Wednesday’s market close.

In the past 4 years, the company’s share price has ranged from $8.13 to $19.13, Tokyo Century’s all-time high, reached in February 2021.

Should the company conform to the average of one year price gain over the past 2 years, the share price could grow $0.68 to $11.00 in the coming year.

TCNRF Dividend

Tokyo Century Corp has paid variable semi-annual dividends since December 2021.

The company’s most recent SA dividend of $0.19 was declared May 14th, 2024, for shareholders of record prior to March 28th, and the payout is due in June.

A forward-looking annual dividend of $0.39 yields 3.73% per Wednesday’s closing price.

TCNRF Returns

Putting it all together, a $1.07 estimated gross gain per share shows up by adding Tokyo Century’s annual $0.39 dividend to the estimated $0.68 estimated annual price gain, totaling that $1.07 gross amount.

A little over $1000 buys 99 shares at Wednesday’s $10.32 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.10 per share out of the $1.07 gross-gain to give us a $0.97 net amount per share to multiply by 99 shares, to equal $96.03 for about a 9.6% estimated net gain on the year.

Furthermore, the $37.30 of annual dividend income from your  $1,000 investment in Tokyo Century Corp is over 3.5 times greater than the single-share price. By these numbers, Tokyo Century Corp could be an ideal dividend dog by dogcatcher standards.

Therefore, you may choose to pounce on TCNRF as a 61-year-old semi-annual dividend-paying industrial finance company with a 4-year dividend record.

The exact track of Tokyo Century Corp future price and dividend will entirely be determined by market action and company finances.   

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.

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