|HKD per share|
Galaxy Entertainment paid a total dividend of 1,872 million HKD last year, for a market capitalization of 181,050 millions. Dividend per share of Galaxy Entertainment is 0.44 HKD, and his stock market price 42.55 HKD.
According to the chart below, where dividend yield is displayed, Galaxy Entertainment has a dividend yield of 1.03%, lower than the amount offered by both the market average and companies from Hong-Kong. It is also lower than average of Consumer Services industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Galaxy Entertainment to maintain his current dividend of HKD 0.44 per share, an amount that accounts for 1.03%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Galaxy Entertainment payout on ernings is currently 28.76%, which is lower than the market average and companies of Consumer Services industry, which are 39.68% and 39.75% respectively. Both figures lead us to believe that there is confidence that Galaxy Entertainmentcan 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 Galaxy Entertainment is HKD 3.02 per share, which is higher than the dividend per share paid by the company of HKD 0.44, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Galaxy Entertainment, compared againt world market average, Hong-Kong companies, Consumer Services industry and Travel and Leisure sector companies. You might also need to check full financial report of Galaxy Entertainment.
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