Giant Manufacturing paid a total dividend of 2,321 million TWD last year, for a market capitalization of 76,875 millions.
Dividend per share of Giant Manufacturing is 6.19 TWD, and his stock market price 205.00 TWD.
According to the chart, where dividend yield is displayed, Giant Manufacturing has a dividend yield of 3.02%, which is higher than the amount offered by both the market average and companies from Taiwan. It is also bigger than average of Consumer Goods 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 Giant Manufacturing to maintain his current dividend of TWD 6.19 per share, an amount that accounts for 3.02%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Giant Manufacturing payout on ernings is currently 59.46%, which is higher than the market average, and companies of Consumer Goods industry, which are 40.24% and 37.56% respectively. Both figures show that Giant Manufacturing 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 Giant Manufacturing is TWD 7.24 per share, which is higher than the dividend per share paid by the company of TWD 6.19, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Giant Manufacturing, compared againt world market average, Taiwan companies, Consumer Goods industry and Leisure Goods sector companies. You might also need to check full financial report of Giant Manufacturing.
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