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Toyo Tire Corp (TOTTF) 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. 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 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.

TOTTF Price

Toyo’s share price fell 12.28% over the past year from $17.02 to $14.93 as of Thursday’s market close.

In the past 3 years, the company’s share price has rarely been less than $11.00 nor more than $18.00. Its all-time high price of $18.75 was reached in April 2021.

If shares trade in the range of $14.00 to 18.00 this next year, the recent $14.93 share price might grow to $17.00. Of course, TOTTF shares could also drop about the same $2.07 estimated amount or more.

My $2.07 price upside estimate is based on an average TOTTF annual price gain over the past two years.

TOTTF Dividend

Toyo Tire Corp has paid variable semi-annual dividends since October 2021. The company’s most recent SA dividend of $0.31 was paid on September 4th for shareholders of record on June 27th.  The most recently declared SA dividend of $0.39 was announced on February 19 for shareholders of record on December 27th. A Pay date has not been announced. Payment may likely be made in March. 2025.

A forward-looking annual dividend of $0.70 yields 4.69% per Thursday’s closing price.

TOTTF Returns

Putting it all together, a $2.77 estimated annual gross gain per share shows up by adding TOTTF’s annual $0.70 dividend to the estimated price upside of $2.07, totaling that $2.77 gross gain.

A little over $1000 buys 67 shares at Thursday’s $14.93 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.15 per share out of the $2.77 gross gain to give us a net gain of $2.62 X 67 shares = $175.54 for about a 17.5% estimated net gain on the year.

Furthermore, a $46.90 annual estimated dividend paid from $1k invested in TOTTF is over 3 times greater than the $14.93 single-share price. By these numbers, TOTTF may be an ideal consumer discretionary dividend dog.

Therefore, you might choose to pounce on Toyo Tire Corp It is an 81-year-old variable semi-annual dividend-paying tire and rubber company with a 3-year dividend record.

The exact track of TOTTF’s future price and dividend will entirely be determined by market action and company finances.

Remember the best measure of stock value is through direct ownership of shares.

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