Photo by Yiorgos Ntrahas on Unsplash
 

Toyo Tire Corp. bears the ticker symbol TOTTF, and this is my first mention of Toyo Tire Corp. for this new Viking Portfolio or any of my previous seven dog of the week folios.

Toyo Tire Corp. manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts.

The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion.

Additional enhancements are gained through driving simulation and proprietary T-mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

The company was formerly known as Toyo Tire & Rubber Co., Ltd. and changed its name to Toyo Tire Corporation in January 2019.

Toyo Tire Corporation was incorporated in 1943 and is headquartered in Itami, Japan.

Three key data points gauge Toyo Tire Corp., or any dividend-paying firm:

(1) Price

(2) Dividends

(3) Returns

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

TOTTF Price

Toyo Tire Corp.'s price per share was $11.61 at Friday’s market close. In the past year, TOTTF's share price fell by $3.16 or about 21.4%.

If TOTTF stock trades in the range of $10.00 to $15.00 this next year, its recent $11.61 share price might reach $12.00 by next year. That upside estimate of $0.39 is about 1.5% of the average gap between current and historic TOTTF valuation calculated by YCharts.
 

TOTTF Dividends

Toyo Tire Corp.'s most recent annual variable dividend of $0.59 cast a forward annual yield of 5.08%.
 

TOTTF Returns

Adding the $0.59 annual estimated Toyo Tire Corp. dividend to the one-year price upside estimate of $0.39 reveals a $0.98 potential gross gain estimate per share.

At Friday’s $11.61 closing price, a little under $1000 would buy 86 shares.

A $10 broker fee (if charged), paid half at purchase and a half at the sale, might cost us about $0.12 per share.

Subtracting that maybe $0.12 brokerage cost from my estimated $0.98 gross gain makes a net gain of $0.86 X 86 shares = $73.96 for a 7.4% net gain including the 5.08% annual dividend yield.

In the next year, our $1K investment in shares of Toyo Tire Corp. would generate $86.00 in cash dividends. However, a single share of TOTTF stock at Friday’s $11.61 price is over 7 times less than the estimated annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is a good time to buy Toyo Tire Corp. shares based on their dividends for 2023. The current dividend from $1K invested is 7.4 times higher than the TOTTF single share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of Toyo Tire Corp. Only time and money invested in this stock will determine its future market value.

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