Gamesa paid a total dividend of 41 million EUR last year, for a market capitalization of 5,363 millions.
Dividend per share of Gamesa is 0.15 EUR, and his stock market price 19.43 EUR.
According to the chart, where dividend yield is displayed, Gamesa has a dividend yield of 0.78%, lower than the amount offered by both the market average and companies from Spain. It is also lower than average of Oil and Gas industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Gamesa to maintain his current dividend of EUR 0.15 per share, an amount that accounts for 0.78%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Gamesa payout on ernings is currently 20.55%, which is lower than the market average, but higher than companies of Oil and Gas industry, which are 40.24% and 19.39% respectively. Both figures show that Gamesa is in a good position to keep maintaining his 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 Gamesa is EUR 1.18 per share, which is higher than the dividend per share paid by the company of EUR 0.15, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Gamesa, compared againt world market average, Spain companies, Oil and Gas industry and Alternative Energy sector companies. You might also need to check full financial report of Gamesa.
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