|USD per share|
Goodyear Tire & Rub paid a total dividend of 101 million USD last year, for a market capitalization of 9,072 millions. Dividend per share of Goodyear Tire & Rub is 0.40 USD, and his stock market price 36.00 USD.
According to the chart below, where dividend yield is displayed, Goodyear Tire & Rub has a dividend yield of 1.11%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Consumer Goods industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Goodyear Tire & Rub to maintain his current dividend of USD 0.40 per share, an amount that accounts for 1.11%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Goodyear Tire & Rub payout on ernings is currently 8.00%, which is lower than the market average and companies of Consumer Goods industry, which are 39.68% and 38.65% respectively. Both figures lead us to believe that there is confidence that Goodyear Tire & Rubcan 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 Goodyear Tire & Rub is USD 6.00 per share, which is higher than the dividend per share paid by the company of USD 0.40, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Goodyear Tire & Rub, compared againt world market average, USA companies, Consumer Goods industry and Automobiles and Parts sector companies. You might also need to check full financial report of Goodyear Tire & Rub.
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