GPT Group paid a total dividend of 413 million AUD last year, for a market capitalization of 8,401 millions.
Dividend per share of GPT Group is 0.23 AUD, and his stock market price 4.68 AUD.
According to the chart, where dividend yield is displayed, GPT Group has a dividend yield of 5.00%, which is higher than the amount offered by both the market average and companies from Australia. 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 GPT Group to maintain his current dividend of AUD 0.23 per share, an amount that accounts for 5.00%, we should study its payout ratio both on earnings and on cash-flows (see chart below). GPT Group payout on ernings is currently 46.94%, which is higher than the market average, and companies of Financials industry, which are 40.24% and 44.35% respectively. Both figures show that GPT Group 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 GPT Group is AUD 0.25 per share, which is higher than the dividend per share paid by the company of AUD 0.23, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of GPT Group, compared againt world market average, Australia companies, Financials industry and Real Estate Investment Trusts sector companies. You might also need to check full financial report of GPT Group.
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