Daiwa Securities Group Inc.
DSECFFinancial Services · Stock · semiannual payer
Forward Yield
4.54%
Annual Dividend
$0.44
Payout Ratio
52%
5-Yr Growth
14.6%
Ex-Date
Mar 30, 2026
Frequency
Semiannual
Summary
As of September 2026, Daiwa Securities Group Inc. (DSECF) yields 4.54% ($0.44 per share annually), with a blended fair-value estimate of $10.99 — +69% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 3 years of dividend growth.
Is DSECF a good dividend stock?
MixedDaiwa Securities Group Inc. (DSECF) pays a semiannual dividend yielding 4.54% ($0.44/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (52%)
- Strong 14.6% 5-yr dividend growth
- 139% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 4.54%
- Payout Ratio
- 52%
- Annual Dividend
- $0.44
- 5-Yr Avg Growth
- 14.6%
- Ex-Dividend Date
- Mar 30, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.51
- Market Cap
- $9.0B
- P/E Ratio
- 8.3
- 5-Yr Total Return
- 139%
- 52-Week Range
- $6.49 – $12.88
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
DSECF Price — Last 12 Months
Daily close
Price Return
1 Year
+59%
3 Years
+122%
5 Years
+139%
52-Week Range
$6.49 – $12.88
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DSECF worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Daiwa Securities Group Inc. is $10.99 per share, versus a market price of $6.49. That implies 69% of upside — a margin of safety of about 41%.
Fair Value
$10.99
Current Price
$6.49
Upside
+69%
Margin of Safety
41%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 3.8% stage-1 growth, 2.5% terminal growth, $0.78 EPS, $0.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DSECF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 30, 2026 | — | $0.0940 | regular |
| Mar 28, 2025 | — | $0.1850 | regular |
| Sep 27, 2024 | — | $0.1520 | regular |
| Mar 28, 2024 | — | $0.1650 | regular |
| Sep 28, 2023 | — | $0.1270 | regular |
| Mar 30, 2023 | — | $0.0900 | regular |
| Sep 29, 2022 | — | $0.0760 | regular |
| Mar 30, 2022 | — | $0.1300 | regular |
| Sep 29, 2021 | — | $0.1520 | regular |
| Mar 30, 2021 | — | $0.2280 | regular |
| Sep 29, 2020 | — | $0.1040 | regular |
| Mar 30, 2020 | — | $0.0830 | regular |
| Sep 27, 2019 | — | $0.1020 | regular |
| Mar 27, 2019 | — | $0.0810 | regular |
Income Calculator
At $0.44 / yr per share
