|AUD per share|
Goodman Group paid a total dividend of 445 million AUD last year, for a market capitalization of 13,762 millions. Dividend per share of Goodman Group is 0.25 AUD, and his stock market price 7.74 AUD.
According to the chart below, where dividend yield is displayed, Goodman Group has a dividend yield of 3.20%, which is higher than the amount offered by both the market average and companies from Australia. 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 Goodman Group to maintain his current dividend of AUD 0.25 per share, an amount that accounts for 3.20%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Goodman Group payout on ernings is currently 34.72%, which is lower than the market average and companies of Financials industry, which are 39.68% and 44.73% respectively. Both figures lead us to believe that there is confidence that Goodman Groupcan maintain his current 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 Goodman Group is AUD 0.47 per share, which is higher than the dividend per share paid by the company of AUD 0.25, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Goodman Group, compared againt world market average, Australia companies, Financials industry and Real Estate Investment Trusts sector companies. You might also need to check full financial report of Goodman Group.
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