|RUB per share|
Bashneft Pref OAO paid a total dividend of 4,099 million RUB last year, for a market capitalization of 31,625 millions. Dividend per share of Bashneft Pref OAO is 163.94 RUB, and his stock market price 1,265.00 RUB.
According to the chart below, where dividend yield is displayed, Bashneft Pref OAO has a dividend yield of 12.96%, which is higher than the amount offered by both the market average and companies from Russia. It is also bigger than average of Oil and Gas industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
About the ability of Bashneft Pref OAO to maintain his current dividend of RUB 163.94 per share, an amount that accounts for 12.96%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Bashneft Pref OAO payout on ernings is currently 69.98%, which is higher than the market average, and companies of Oil and Gas industry, which are 39.68% and 27.16% respectively. Both figures show that Bashneft Pref OAO can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Bashneft Pref OAO is RUB 451.79 per share, which is higher than the dividend per share paid by the company of RUB 163.94, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Bashneft Pref OAO, compared againt world market average, Russia companies, Oil and Gas industry and Oil and Gas Producers sector companies. You might also need to check full financial report of Bashneft Pref OAO.
Bashneft OAO. Russia. Oil and Gas.BASF. Germany. Basic Materials.Barwa Real Estate Co. Qatar. Financials.Barry Callebaut. Switzerland. Consumer Goods.Barrick Gold. Canada. Basic Materials.Barratt Developments. UK. Consumer Goods.
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