|ZAR per share|
Gold Fields paid a total dividend of 904 million ZAR last year, for a market capitalization of 38,445 millions. Dividend per share of Gold Fields is 1.10 ZAR, and his stock market price 46.77 ZAR.
According to the chart below, where dividend yield is displayed, Gold Fields has a dividend yield of 2.35%, which is lower than the amount offered by the market average , but bigger than Basic Materials industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.
About the ability of Gold Fields to maintain his current dividend of ZAR 1.10 per share, an amount that accounts for 2.35%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Gold Fields payout on ernings is currently 38.33%, which is lower than the market average, but higher than companies of Basic Materials industry, which are 39.68% and 30.78% respectively. Both figures show that Gold Fields 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 Gold Fields is ZAR 16.70 per share, which is higher than the dividend per share paid by the company of ZAR 1.10, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Gold Fields, compared againt world market average, South Africa companies, Basic Materials industry and Mining sector companies. You might also need to check full financial report of Gold Fields.
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