I was worried about my old age, so I started investing in stocks DAY 78 [A new perspective called dividends]
― Walking with Haru, Age 60 Investment Record Day 78 ―
Even though it was the same company, the view I saw had changed.
Yesterday, I learned that it's not just any high-dividend stock that will do.
It's not just about dividend yield,
business performance,
dividend increases,
and dividend policy.
It's important to look at the company itself.
🌸 Me: "Then, I'd like to try it for real this time."
🌱 "That's great. Let's open up Sekisui House again, which we looked at on Day 73, but this time with a focus on dividends." ― Haru
Looking at the same company with different eyes. That was today's theme.
〈Opening the same company again〉
On Day 73, I was checking the "reasons to buy" while looking at numbers like
PER,
PBR,
financial results,
and charts.
(→
Day 73: Click here for the episode where I analyzed Sekisui House)Today is different. The first thing that caught my eye was the dividend yield.
The dividend yield is 4.11%.
The PER is 10.47x.
The PBR is 1.06x.
🌸 Me: "Looking only at the numbers, they haven't changed much since Day 73."
🌱 "Yes. The company hasn't changed at all. What has changed is your perspective, Satsuki-san." ― Haru
🌸 Me: "I feel like the old me would have just stopped at 'it's a high dividend because it's over 4%'."
🌱 "You're not going to stop there today, are you?" ― Haru
🌸 Me: "Yeah. I'm looking at it while thinking, 'Will this dividend continue in the future?'"
〈Dividends are born from profits〉
The next thing I opened was the dividend trend.
The dividends were 64 yen, 71 yen, 72 yen, 72 yen,
and the forecast for this term is 73 yen.
🌸 Me: "I thought that once a dividend was decided, it stayed the same forever."
🌱 "This is the talk about dividend increases and decreases we had on Day 77. It has been increasing steadily from 64 yen to 73 yen, and it has never decreased once. Because the company's profits are growing, they are able to maintain and increase dividends like this." ― Haru
🌸 Me: "Then, does the number called DOE on this screen also connect to yesterday's talk?"
🌱 "That's right. The concept of DOE itself is a mechanism to ensure that dividends don't drop significantly even in years when profits are poor. However, what Sekisui House itself advocates is not DOE, but a dividend policy with a floor of 'a dividend payout ratio of 40% or more, and no less than 110 yen per share.' You were able to use the perspective of 'checking the dividend policy' that we looked at on DAY 77 right away." — Haru
🌸 Me: "The wording is different, but it means they're making a promise that 'we won't easily cut them.'"
🌱 "Yes. The terminology varies by company, but the goal is the same." — Haru
〈The company's foundation and the chart〉
But I won't decide based on dividends alone.
That was also something I learned yesterday.
Are profits stable?
Is the dividend payout ratio too high?
When I looked it up, Sekisui House's dividend payout ratio was 40.2% based on the most recent results.
🌸 Me: "At 40%, it doesn't seem like a number they're forcing."
🌱 "Yes. That means 60% of the profits are being kept within the company. It means they have the leeway to use that for new businesses or future growth." — Haru
And how is the stock price moving?
The stock price is rising gradually. It hasn't collapsed significantly.
🌸 Me: "Dividends, business performance, and the chart. I can't rely on just one thing, can I?"
🌱 "Yes. If you rely on just one, you'll overlook things. Layering them little by little to look at them—that is what you actually did today, Satsuki-san." — Haru
〈My perspective has changed〉
On DAY 73, I was looking for 'reasons why it's okay to buy this company.'
Today, I looked for 'reasons why I can keep holding this company for a long time.'
🌸 Me: "The company hasn't changed at all, but my perspective has changed."
🌱 "I think that is the biggest growth of all." — Haru
🌸 Me: "From now on, when I look for other high-dividend stocks, I want to look at them like I did today, not just at the yield."
🌱 "Shall we try using that perspective next time?" — Haru
📝 Today's summary
Even with the same Sekisui House, when the place you look changes, the way you see the company changes too.
Dividends are connected to a company's profits and growth.
I will continue tomorrow as well.
#HighDividendStocks #SekisuiHouse #DividendInvesting #IncomeGain #CompanyAnalysis #PER #PBR #DOE
#StockInvesting #IndividualStockInvesting #InvestingInYour60s #RetirementAnxiety #InvestingBeginner #StartedWithAI #WorkingTogetherWithHaru #CreativeAward2026
