Shareholders receive Toyama Prefecture-grown Koshihikari rice in September and a QUO Card in March. Because actual bags of rice are delivered, the benefit directly helps with household expenses. The expected dividend yield is also high at 3.74%, making this a stock worth considering for the combined value of dividends and shareholder benefits. [Chubu Shiryo (2053)] manufactures and sells compound feed. Shareholders who hold at least 500 shares (required investment: approximately ¥1.016 million) receive Toyama Prefecture-grown “Koshihikari” rice (for September shareholders) and “QUO Cards” (for March shareholders) as shareholder benefits. Because actual rice is delivered, this is a benefit whose value can be felt more directly than its monetary amount alone might suggest. The company is also proactive about returning profits to shareholders through dividends and has maintained a progressive dividend policy*, with an expected dividend yield of 3.74%. The required investment is relatively large compared with the value of the shareholder benefits, making it somewhat difficult to invest primarily for the benefits. However, when dividends and benefits are considered together, the stock may be worth considering. *Progressive dividend policy: A shareholder-return policy under which dividends are increased every year or, at minimum, maintained at their current level.
