GF Securities (H) paid a total dividend of 1,532 million HKD last year, for a market capitalization of 28,389 millions.
Dividend per share of GF Securities (H) is 0.90 HKD, and his stock market price 16.68 HKD.
According to the chart, where dividend yield is displayed, GF Securities (H) has a dividend yield of 5.41%, which is higher than the amount offered by both the market average and companies from China. It is also bigger than average of Financials 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 GF Securities (H) to maintain his current dividend of HKD 0.90 per share, an amount that accounts for 5.41%, we should study its payout ratio both on earnings and on cash-flows (see chart below). GF Securities (H) payout on ernings is currently 10.25%, which is lower than the market average and companies of Financials industry, which are 40.24% and 44.35% respectively. Both figures lead us to believe that there is confidence that GF Securities (H)can maintain his current dividend.
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 GF Securities (H) is HKD -4.51 per share, which is lower than the dividend per share paid by the company of HKD 0.90, so the company does not generate enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of GF Securities (H), compared againt world market average, China companies, Financials industry and Financial Services sector companies. You might also need to check full financial report of GF Securities (H).
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