Today’s Stock: Kurita Water Industries Ltd.

Yep another water company based in Japan but has operations all over the globe. They do everything water from filters to faucets to chemicals for wastewater treatment centers.

Another water sector dividend-paying stock that rivals CWCO. Since I started buying shares in April 2023, I’ve gained 0.78% on this position. Considering the dividends and foreign taxes paid for owning this equity, I might even be profitable overall.

At 50.2k sats per share, you’d receive a yearly dividend of 811 sats, which would take 62 years to recoup your initial investment. While the company has decent fundamentals, it’s not cheap at a PE ratio of 32.

After this brief review, nothing convinces me to add more shares to my small portfolio.

However, I won’t sell either because it’s a well-run business in a sector I care about. It might sound crazy, but I don’t always invest solely to maximize my returns in terms of money, fiat, or sats. Sometimes, I invest in companies because they’re actively working to make the world a better place.

I believe CWCO has a better balance sheet and growth prospects. Nevertheless, investing some sats in this business to produce water that we all need and be paid out a dividend wouldn’t be the worst decision you could make. Just be aware that making that decision could potentially reduce your purchasing power in the long run.

This is a solid business. It’s a water company from Japan that has been around since the 1940s and operates world wide.

Nothing in this fundamental analysis convinces me to buy more shares. It’s a good business with limited growth but is operating very well.

I like having exposure to Japanese companies, so I’ll continue to hold this steady-handed water company.