Eastern Tobacco Dividend yield




   EGP/share 
 Price  12.01
 Dividend  1.60
 Earnings  1.91
 Cash-flow  3.08
 Book value  5.46
 Equity  5.18

Eastern Tobacco is part of Tobacco business, which is part of Consumer Goods industry. Eastern Tobacco is a company from Egypt, and his stocks are publicly traded.

Eastern Tobacco paid a total dividend of 3,600 million EGP last year, for a market value of 27,023 millions (Market Cap 11,755 millions). Dividend per share of Eastern Tobacco is 1.60 EGP, and his stock market price 12.01 EGP.

According to the chart below, where dividend yield is displayed, Eastern Tobacco has a dividend yield of 13.32%, which is higher than the amount offered by both the market average and companies from Egypt. It is also bigger than average of Consumer Goods industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Eastern Tobacco dividend yield with other Tobacco companies or firms from Egypt.

Dividend yield of Eastern Tobacco

Eastern Tobacco Dividend Payout

About the ability of Eastern Tobacco to maintain his current dividend of EGP 1.60 per share, an amount that accounts for 13.32%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Eastern Tobacco payout on ernings is currently 83.77%, which is higher than the market average, and companies of Consumer Goods industry, which are 38.25% and 43.24% respectively. Both figures show that Eastern Tobacco 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 last amount the one which can be distributed to shareholders. Cash flow per share of Eastern Tobacco is EGP 3.08 per share, which is higher than the dividend per share paid by the company of EGP 1.60, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Eastern Tobacco, compared againt world market average, Egypt companies, Consumer Goods industry and Tobacco sector companies.

Eastern Tobacco payout

Eastern Tobacco Dividend History

Year Yield  EGP  Paypout  Shares* 
Present13.32%1.6083.77%2,250
202114.93%1.6083.77%2,250
202010.97%1.4384.62%2,250
20196.42%1.0060.24%2,250
201814.35%2.33123.28%2,250

*In millions

Eastern Tobacco Stock performance

Finally, last moth Eastern Tobacco showed a return of 10.70% compared to a worldwide 1.12% average, and a -2.67% of Consumer Goods firms. Over the last year, the company obtained a 5.20% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Egypt and Tobacco firms.

Eastern Tobacco stock and market return