Globe Telecom paid a total dividend of 11,624 million PHP last year, for a market capitalization of 227,040 millions.
Dividend per share of Globe Telecom is 88.06 PHP, and his stock market price 1,720.00 PHP.
According to the chart, where dividend yield is displayed, Globe Telecom has a dividend yield of 5.12%, which is higher than the amount offered by both the market average and companies from Philippines. It is also bigger than average of Telecommunications 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 Globe Telecom to maintain his current dividend of PHP 88.06 per share, an amount that accounts for 5.12%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Globe Telecom payout on ernings is currently 63.48%, which is higher than the market average, and companies of Telecommunications industry, which are 40.24% and 57.10% respectively. Both figures show that Globe Telecom 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 Globe Telecom is PHP 252.94 per share, which is higher than the dividend per share paid by the company of PHP 88.06, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Globe Telecom, compared againt world market average, Philippines companies, Telecommunications industry and Mobile Telecommunications sector companies. You might also need to check full financial report of Globe Telecom.
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