|EUR per share|
Galp Energia SGPS SA paid a total dividend of 355 million EUR last year, for a market capitalization of 10,709 millions. Dividend per share of Galp Energia SGPS SA is 0.46 EUR, and his stock market price 13.89 EUR.
According to the chart below, where dividend yield is displayed, Galp Energia SGPS SA has a dividend yield of 3.28%, which is higher than the amount offered by both the market average and companies from Portugal. It is also bigger than average of Oil and Gas 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 Galp Energia SGPS SA to maintain his current dividend of EUR 0.46 per share, an amount that accounts for 3.28%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Galp Energia SGPS SA payout on ernings is currently 170.37%, which is higher than the market average, and companies of Oil and Gas industry, which are 40.24% and 35.63% respectively. Both figures show that Galp Energia SGPS SA 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 Galp Energia SGPS SA is EUR 1.76 per share, which is higher than the dividend per share paid by the company of EUR 0.46, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Galp Energia SGPS SA, compared againt world market average, Portugal companies, Oil and Gas industry and Oil and Gas Producers sector companies. You might also need to check full financial report of Galp Energia SGPS SA.
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