|CAD per share|
Goldcorp paid a total dividend of 94 million CAD last year, for a market capitalization of 17,956 millions. Dividend per share of Goldcorp is 0.11 CAD, and his stock market price 21.05 CAD.
According to the chart below, where dividend yield is displayed, Goldcorp has a dividend yield of 0.50%, lower than the amount offered by both the market average and companies from Canada. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Goldcorp to maintain his current dividend of CAD 0.11 per share, an amount that accounts for 0.50%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Goldcorp payout on ernings is currently 44.00%, which is higher than the market average, and companies of Basic Materials industry, which are 40.24% and 33.52% respectively. Both figures show that Goldcorp 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 Goldcorp is CAD 1.17 per share, which is higher than the dividend per share paid by the company of CAD 0.11, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Goldcorp, compared againt world market average, Canada companies, Basic Materials industry and Mining sector companies. You might also need to check full financial report of Goldcorp.
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