Image Source: Niterra Co Ltd () is a producer of spark plugs for internal combustion engines in the automotive industry and makes various ceramic products and tools.Under its two brands, NGK Spark Plugs, and NTK Technical Ceramics, the company markets spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics.Niterra’s largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions.The NGK automotive components division generates the lion’s share of sales.The company was formerly known as NGK Spark Plug Co., Ltd. and changed its name to Niterra Co., Ltd. in April 2023.Niterra Co., Ltd. was founded in 1936 and is headquartered in Nagoya, Japan.Three key data points gauge Niterra or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.NGKSY PriceOver the past year, Niterra’s share price went up 31.5% from $11.03 to $14.51 as of Thursday’s market close.In the past 10 years, the company’s share price has rarely been less than $6.50 nor higher than $16.00. Niterra’s all-time high price reached $14.85 in June 2024.If shares trade in the range of $11.00 to $18.00 this next year, the recent $14.51 share price might grow to $16.70. Of course, NGKSY’s share price could also drop about the same $2.19 estimated amount, or more.My $2.19 price upside estimate is based on the average NGKSY one-year price gain over the past three years.NGKSY DividendNiterra Co Ltd has paid variable semi-annual dividends since June 2016. The company’s most recent SA dividend of $0.27 was declared on March 1st for shareholders of record on March 27th and the payout was made on September 20th.The resulting $0.54 Annual dividend yields 3.74%, as of Thursday’s closing price.NGKSY ReturnsPutting it all together, a $2.73 estimated annual gross gain per share shows up by adding Niterra’s annual $.54 dividend to the estimated price upside of $2.19, totaling that $2.73 gross gain.Slightly over $1000 buys 69 shares at Thursday’s $14.51 price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.145 per share out of the $2.73 gross gain to give us a net gain of $2.585 X 69 shares = $178.36 for about a 17.8% estimated net gain for the year.Furthermore, the $37.40 annual dividend paid from $1k invested is over 2.5 times more than the $14.51 single share price. By these numbers, NGKSY might be an ideal dividend dog.You might choose to pounce on Niterra Co Ltd It is an 88-year-old semi-annual dividend-paying Japan-based spark plug and ceramics producer with an 8-year dividend record.The exact track of Niterra’s future price and dividend will entirely be determined by market action and company finances.Remember the best measure of stock value is direct ownership of shares.More By This Author:
Current Report: Niterra
