|ILS per share|
Gazit Globe (1982) L paid a total dividend of 296 million ILS last year, for a market capitalization of 7,428 millions. Dividend per share of Gazit Globe (1982) L is 1.51 ILS, and his stock market price 37.90 ILS.
According to the chart below, where dividend yield is displayed, Gazit Globe (1982) L has a dividend yield of 3.98%, which is higher than the amount offered by both the market average and companies from Israel. 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 Gazit Globe (1982) L to maintain his current dividend of ILS 1.51 per share, an amount that accounts for 3.98%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Gazit Globe (1982) L payout on ernings is currently 47.48%, which is higher than the market average, and companies of Financials industry, which are 40.24% and 44.22% respectively. Both figures show that Gazit Globe (1982) L 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 Gazit Globe (1982) L is ILS 7.73 per share, which is higher than the dividend per share paid by the company of ILS 1.51, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Gazit Globe (1982) L, compared againt world market average, Israel companies, Financials industry and Real Estate Investment and Services sector companies. You might also need to check full financial report of Gazit Globe (1982) L.
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