Formosa Petrochemica Dividend yield




   TWD/share 
 Price  99.80
 Dividend  2.90
 Earnings  3.87
 Cash-flow  5.14
 Book value  34.41
 Equity  35.18

Formosa Petrochemica is part of Oil and Gas Producers business, which is part of Oil and Gas industry. Formosa Petrochemica is a company from Taiwan, and his stocks are publicly traded.

Formosa Petrochemica paid a total dividend of 27,625 million TWD last year, for a market value of 950,695 millions (Market Cap 136,139 millions). Dividend per share of Formosa Petrochemica is 2.90 TWD, and his stock market price 99.80 TWD.

According to the chart below, where dividend yield is displayed, Formosa Petrochemica has a dividend yield of 2.91%, which is similar to the amount offered by both the market average and companies from Taiwan. However, it is lower than the average of Oil and Gas industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Formosa Petrochemica dividend yield with other Oil and Gas Producers companies or firms from Taiwan.

Dividend yield of Formosa Petrochemica

Formosa Petrochemica Dividend Payout

About the ability of Formosa Petrochemica to maintain his current dividend of TWD 2.90 per share, an amount that accounts for 2.91%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Formosa Petrochemica payout on ernings is currently 74.94%, which is higher than the market average, and companies of Oil and Gas industry, which are 38.57% and 45.97% respectively. Both figures show that Formosa Petrochemica 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 Formosa Petrochemica is TWD 5.14 per share, which is higher than the dividend per share paid by the company of TWD 2.90, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Formosa Petrochemica, compared againt world market average, Taiwan companies, Oil and Gas industry and Oil and Gas Producers sector companies.

Formosa Petrochemica payout

Formosa Petrochemica Dividend History

Year Yield  TWD  Paypout  Shares* 
Present2.91%2.9074.94%9,526
20194.92%4.8076.31%9,526
20185.78%6.3075.18%9,526
20175.19%5.9975.16%9,526
20163.72%4.0080.32%9,486
20151.10%0.8588.54%9,486

*In millions

Formosa Petrochemica Stock performance

Finally, last moth Formosa Petrochemica showed a return of 10.30% compared to a worldwide 3.99% average, and a 5.49% of Oil and Gas firms. Over the last year, the company obtained a 2.40% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for Taiwan and Oil and Gas Producers firms.

Formosa Petrochemica stock and market return